World Coin (WLD) rises 41% in 12 hours. Will something big happen with this project?
In this bull market, the trading price of WLD Coin soared. There has been a noticeable increase in the trading price of this token over the past 12 hours.
World Coin (WLD) is a cryptocurrency project based on the concept of decentralized identity verification. OpenAI CEO Sam Altman is the backend leader of this cryptocurrency project. OpenAi is independent of the Worldcoin cryptocurrency project. OpenAi is famous for its artificial intelligence chatbot tools.
The current trading price of WLD Coin is $10.26, which is up 41.2% in the last 24 hours.
A surge in the trading price of WLD Coin should not be considered a strange event. Because this is a unique cryptocurrency project with potential real-world use cases.
With Worldcoin, Altman aimed to make it easier to distinguish between bots and humans on internet platforms to prevent digital bot spam.
Spain vs World Coin
The World Coin project used the Orb device to collect human eye retinal identities.
So far, the Worldcoin team has not introduced any real-world use cases, but aims to integrate the use of WLD coins to verify human identities across multiple internet platforms.
This week, Spain’s data protection regulator, AEPD, banned the use of Orb devices in the country and ordered an end to the use of collected data on citizens.
So far, the World Coin app has amassed 4 million users from 120 countries, a very large number for a cryptocurrency project, but many privacy activists have raised concerns about Worldcoin.
Many pointed out that the WorldCoin team failed to provide sufficient details about the data collected and how it would be used in the future.
Early on in the launch of this cryptocurrency project, Worldcoin project insiders spoke out against the project, saying that human data would not be stored securely and could be misused. Later, that person disappeared from X (Twitter) and YouTube.
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