A new digital identity blockchain project co-founded by OpenAI’s Sam Altman is on the rise as major exchanges add support.
Worldcoin (WLD), a new crypto project that uses iris scanning with physical hardware called “Orbs” to create unique digital identities, is up 34% in the past 24 hours.
Worldcoin’s rise follows the coin’s listing on several of the top exchanges by trading volume: Binance, Byte, OKX And Huobi.
Worldcoin was founded three years ago by Sam Altman and Alex Blania. According to the project websiteWorldcoin consists of a “privacy preservation” World ID and a digital WLD token that is received by users “simply because they are human”.
The project plan in deploying 1,500 of its Orbs in 35 cities around the world this summer and fall to meet the “global demand for ID.”
“You can now download the World App, the first protocol-compatible wallet, and reserve your share. After visiting an Orb, a biometric authentication device, you will receive a World ID. It allows you to prove that you are a real and unique person online while remaining completely private. As the worldwide distribution of Orbs increases, you can find the nearest one and book time to be verified with World App and at worldcoin.org.
Worldcoin is trading at $2.24 at the time of writing, up 34% in the past 24 hours but down 33% from its all-time high of $3.30 reached just seven hours ago.
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Featured image: Shutterstock/mim.girl/WhiteBarbie
