Binance has listed Worldcoin (WLD), the cryptocurrency of the biometric project created by OpenAI's CEO Sam Altman. The project, which launched today (Monday), aims to boost the adoption of cryptocurrencies by creating a global identity network.
According to a statement from Binance, WLD was listed on the exchange on July 24 at 9 AM UTC against Bitcoin and USDT. The withdrawal services for the token will be opened on July 25 at 9 AM UTC. Additionally, Binance plans to facilitate its users to borrow and lend the new digital asset on the exchange.
Created by Tools for Humanity, a company based in San Francisco and Berlin, Worldcoin offers its users an account dubbed World ID. To obtain the account, users must scan their eyeballs using the project's orb-shaped scanner.
#Binance will list @worldcoin $WLD.???? https://t.co/WmsuRY8YJc pic.twitter.com/7Bja3w7kxF
— Binance (@binance) July 24, 2023
Worldcoin Surpasses 2 Million Users
According to the company, more than 2 million users have signed up for a World ID account since the project began. The company plans to expand its operations to nearly 40 cities across 20 countries. The users who sign up for a word ID in certain countries receive a WLD token.
Commenting about the project in Reuters' report, Alex Blania, Worldcoin's Co-Founder, said that World IDs were important in differentiating humans from Artificial Intelligence (AI) bots because only humans get the World ID.
Additionally, Blania believes users' data in the world IDs can be secured using blockchain technology and cannot be controlled by any single entity. The Worldcoin's project founder added that the project is expected to address some of the economic impacts of AI.
Worldcoin Raises $115M
In May, Tools for Humanity raised USD $115 million in a Series C funding round led by Blockchain Capital. The funding round also attracted Andreessen Horowitz, Bain Capital Crypto, and Distributed Global. According to the company, part of the funds received will be used in developing World App, a cryptocurrencywallet for Worldcoin.
Blania commented: "As we embark on the age of AI, it is imperative that individuals are able to maintain personal privacy while proving they are human. In doing so, we can help ensure that everyone can realize the financial benefits that AI is poised to deliver."
This article was written by Jared Kirui at www.financemagnates.com.
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