The price of Worldcoin (WLD) increased by 65% today.
The Worldcoin WLD token has seen a price increase in the last 24 hours. This increase closely follows OpenAI CEO Sam Altman's renewed commitment to the Worldcoin project.
Altman is reportedly looking for an additional $50 million in funding to bolster his massive cryptocurrency effort.
Sam Altman Dobles Down on Worldcoin
WorldCoin aims to establish a global identity and financial network under the banner of Tools For Humanity. To date, over 2.6 million individuals have engaged with Worldcoin “orb” tools. Indeed, they scan their irises to receive a unique digital ID and complimentary cryptocurrency.
In a recent virtual Q&A with fintech-focused investment bank FT Partners, Sam Altman emphasized the growing importance of digital identity.
“In a world with a lot of AI, it's more and more important to know who the human is. The belief was and is that as AI becomes an increasingly important part of our lives … the ability to identify unique people will become more and more important,” Altman said.
Read more: What is Worldcoin? Guide to the Iris-Scanning Crypto Project
Therefore, the latest financial search builds on Worldcoin's previous success by raising $115 million in a Series C funding round. Respected investors like Blockchain Capital, a16z Crypto and Bain Capital Crypto have backed this innovation.
As WorldCoin needs more capital to complete its mission, the price of WLD has recently increased by 65% from $2.41 to $4.07. Ironically, this higher price action may have been foreseen. BeenCrypto's global head of news, Ali Martinez, noted that activity on the chain was an early anomaly.
“The high foreign exchange inflow of 3.6 million WLD was linked to the increase in whaling trade. This could indicate that WLD whales are preparing for a big price move, Martinez said on Thursday.
Despite the excitement, Worldcoin was not without scrutiny. Regulators in the UK and Germany have been closely monitoring the company since its launch in July. Hence, marking a critical feature of data privacy and security in such ground-breaking technology.
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