OpenAI CEO, a founder of the AI-focused identity application Worldcoin, recently announced exciting news. Following the price announcement, it climbed from $4.7 to $5.15. The trigger for the rise in WLD Coin price was the announcement of the network that will be launched this year.
Why Did WLD Coin Rise?
Worldcoin‘s backing company (Tools for Humanity) just announced that the World Chain will be launched in the coming months. As an Ethereum layer2 solution, the network aims to expand the company’s business by offering identity verification services in the transformation to Web3.
Worldcoin is described as a free, privacy-preserving, open protocol aiming to be the world’s largest identity and financial public network. Your biometric data is taken in spheres where you scan your eye, and your unique identity code is created. According to the team’s long-standing defense, after this identity is created, your biometric data is completely deleted.
The company stated in its announcement;
“Considering the scale and growth rate of the community, it’s time to move to a private network.”
To date, roughly 10 million people have received their unique identity.
