Alright, so check this out, Worldcoin’s WLD token has gone through a crazy price surge in the last 24 hours. And get this, it all coincides with OpenAI CEO Sam Altman’s renewed commitment to the Worldcoin project. This dude Altman is reportedly looking for an extra $50 million in funding to boost this ambitious cryptocurrency endeavor.
The goal is to establish a global identity and financial network under the banner of Tools For Humanity. More than 2.6 million people have already engaged with Worldcoin’s “orb” devices, scanning their irises to get a unique digital ID and some free cryptocurrency.
In a recent virtual Q&A with fintech-focused investment bank FT Partners, Altman stressed the growing importance of digital identity, saying, “In a world with a lot of AI, knowing who is human matters more and more.”
And get this, Worldcoin has already raised $115 million in a Series C funding round. But now, the WLD’s price has shot up from $2.41 to $3.27. And check this out, there was some early weird stuff going on with a massive exchange outflow of 3.6 million WLD coinciding with a spike in whale transactions, suggesting that WLD whales are gearing up for a big price move.
But hold up, Worldcoin has faced some scrutiny too. Regulators in the UK and Germany have been keeping a close eye on the company since it launched in July. Things are getting real out there.
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