Open AI’s founder-backed Worldcoin (WLD) up and running after mainnet launch

Key Takeaways:

• Worldcoin launched its mainnet and WLD token today.
• Binance joins the markets and will trade WLD against Tether (USDT).
• What’s the project all about?

YEREVAN (CoinChapter.com) – Worldcoin, a crypto project helmed by OpenAI chief Sam Altman, went live with its mainnet on July 24, along with the in-house WLD token, as per the project’s tweet hours ago.

WLD coin hits the markets

The WLD token price stood at $2.20 at 8 am GMT following the Worldcoin mainnet launch, with an over 30% increase within an hour.

Notably, the coin scored listings on several exchanges, but the Dubai-based Bybit holds 67% of the WLD liquidity. Gate.io and Huobi hold 16% and 13%, respectively, pairing WLD against Tether (USDT).

Moreover, Binance also joined the bandwagon, announcing the listing on July 24.

Meanwhile, an anonymous crypto analyst with nearly half a million followers @ZachXBT claimed that some entities offered the coin on Telegram at a lower price before the WLD token mainnet launch. No proof is available to verify the rumor. However, as one of the followers replied, the telegram seller could be one of the verified daily WLD token receivers getting rid of their stash.

What is the Worldcoin project all about?

Tools for Humanity, the company behind Worldcoin, has been created in part by OpenAI CEO Sam Altman. Sources report the token has been controversial in Silicon Valley for its “ambitious and unorthodox approach” to online identity authentication.

In detail, the company offers a Worldcoin software development kit (SDK), and a hardware device named Orb, which scans the human iris to verify their identity. As of publication, Worldcoin made only 200 Orbs available to the public, which executed over 2 million scans.

However, Tiago Sada, head of product, engineering, and design at Tools for Humanity, said the company aims to produce a batch of 1,500 Orbs by the end of the year.

In the age of AI, the need for proof of personhood is no longer a topic of serious debate; instead, the critical question is whether or not the proof of personhood solutions we have can be privacy-first, decentralized, and maximally inclusive.

Worldcoin co-founder Alex Blania said in a press release.