Binance has
listed Worldcoin (WLD), the cryptocurrency of the biometric project created by
OpenAI’s CEO Sam Altman. The project, which launched today (Monday), aims to
boost the adoption of cryptocurrencies by creating a global identity network.
According to a
statement from Binance,
WLD was listed on the exchange on July 24 at 9 AM UTC against Bitcoin and USDT.
The withdrawal services for the token will be opened on July 25 at 9 AM UTC.
Additionally, Binance plans to facilitate its users to borrow and lend the
new digital asset on the exchange.
Created by Tools
for Humanity, a company based in San Francisco and Berlin, Worldcoin offers its
users an account dubbed World ID. To obtain the account, users must scan their
eyeballs using the project’s orb-shaped scanner.
#Binance will list @worldcoin $WLD.? https://t.co/WmsuRY8YJc pic.twitter.com/7Bja3w7kxF
— Binance (@binance) July 24, 2023
Worldcoin
Surpasses 2 Million Users
According to the company, more than 2 million users have signed up for a World ID account since
the project began. The company plans to expand its operations to nearly 40
cities across 20 countries. The users who sign up for a word ID in certain
countries receive a WLD token.
Commenting about
the project in Reuters’ report, Alex Blania, Worldcoin’s
Co-Founder, said that World IDs were important in differentiating humans from Artificial
Intelligence (AI) bots because only humans get the World ID.
Additionally,
Blania believes users’ data in the world IDs can be secured using blockchain
technology and cannot be controlled by any single entity. The Worldcoin’s
project founder added that the project is expected to address some of the
economic impacts of AI.
Worldcoin Raises
$115M
In May, Tools
for Humanity raised USD $115 million in a Series C funding round led by
Blockchain Capital. The funding round also attracted Andreessen Horowitz, Bain
Capital Crypto, and Distributed Global. According to the company, part of the
funds received will be used in developing World App, a cryptocurrency
wallet for Worldcoin.
Blania commented: “As we embark on the age of AI, it is imperative that
individuals are able to maintain personal privacy while proving they are
human. In doing so, we can help ensure that everyone can realize the
financial benefits that AI is poised to deliver.”
This article was written by Jared Kirui at www.financemagnates.com.
