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Recently making headlines, OpenAI CEO Sam Altman’s Worldcoin, which has become one of the most famous digital asset projects, made another incredible announcement on Wednesday following significant developments surrounding the crypto community. As a notable development demonstrating the growing global interest in proving identity, people living in Singapore will now be able to perform their verifications using the Orb, a hardware device facilitated by the Worldcoin project.
What Does the Announcement Entail?
Today’s announcement, which has resonated with the broader crypto market, carries the potential for further advancement with cryptographic initiatives. Moreover, this move was made following the successful launch of World ID 2.0.
In particular, with today’s announcement emerging on the horizon of Web3, the Worldcoin project seems to have fueled optimism globally, especially among crypto market enthusiasts in Singapore.
More importantly, Tools For Humanity (TFH), which has contributed significantly to the project, recently gained membership rights to two prestigious Singapore associations, ACCESS and the Singapore Fintech Association (SFA), proving its notable interest in the Web3 space to the entire market.
Interestingly, the above-mentioned event appears to be in the same vein as a multi-city project recently unveiled by TFH’s product development team members in Asia. Additionally, the Orb is described as a sphere-shaped hardware specifically designed and supported by the project team to enhance identity verification.
Worldcoin Price Drops
As of the time of writing, the price of Worldcoin has experienced a 6% drop in the last 24 hours, trading at $3.62. Furthermore, when examining the token’s weekly price movement, it is also seen that the drop is at a rate of 3.02%.
Looking at the 24-hour trading volume, interest in the altcoin has decreased by 25%, with the value falling to around $160 million. Lastly, the overall market cap is at $378 million, with a 4.5% decrease.
Despite all this, with the emergence of announcements related to the aforementioned development activities, crypto market enthusiasts may be seeking entry opportunities to re-engage with the project soon.
