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The cryptocurrency world is growing, and as the ecosystem strengthens, we are starting to see major transfers from tech giants. Supported by the OpenAI CEO, WLD Coin is now incorporating executives from top technology companies. This exciting development could increase the interest of cryptocurrency investors in WLD Coin.
WLD Coin News
Tools for Humanity is one of the main supporters of the Worldcoin project, which distributes digital identities through eye scans. The WLD Coin project, initiated by the OpenAI CEO, made a global impact, which later turned into a furious uproar due to regulatory backlash. However, Worldcoin (WLD) continues to grow.
Former Apple, Meta, and Tesla executive Rich Heley has taken the lead of Orb, the hardware developed by Tools for Humanity for Worldcoin’s iris scans. He will be responsible for the development and design of this hardware. Damien Kieran, who previously worked at X, will become the Chief Privacy Officer. He will focus on compliance with laws, similar to his role at X (formerly known as Twitter).
Former Google Android Security Director Adrian Ludwig will take on the role of Director of Information Security. The last name, Ajay Patel, will join the team as the President of World ID. Previously, he worked in Google payments.
WLD Coin Commentary
The price of WLD Coin, which exceeded $2.4, has fallen by 52% in 49 days. The recent market fluctuation is among the reasons for the ongoing decline. However, there is more to it. Developments on the NVIDIA and OpenAI side caused the WLD Coin price to rise rapidly in February and March.
We see that part of the bubble formed here has deflated, and the price has retreated to the point where the rise began in early February. If the transfers from tech giants are seen to benefit the project and there are more positive developments on the OpenAI side, WLD Coin could rise to double-digit prices again.
In an environment where most altcoins have retreated to their late 2023 levels, the situation for WLD Coin is not terrible. Additionally, the potential for regulatory pressure to have destructive consequences is, of course, always present.
