ChatGPT Founder Sam Altman is set to launch his much-anticipated cryptocurrency called Worldcoin on July 24th, according to sources familiar with the matter. Altman, who is also the CEO of OpenAI, had previously revealed the tokenomics of Worldcoin, and now the distribution plan for the cryptocurrency’s tokens will be made public.
Worldcoin is a unique project that incorporates iris biometric technology, including the World ID system, the iris-scanner Orb, and the Wold App wallet. The official Twitter account of Worldcoin hinted at the upcoming launch with a cryptic message that stated, It’s time. 24.7.23. However, no further details were provided at the time.
While Tools for Humanity, the technology company behind Worldcoin, has refrained from commenting on the launch or providing additional information, the crypto exchange OKX has already opened the Worldcoin (WLD) recharge page, which supports the widely-used ERC20 standard and the Optimism network.
In terms of funding, Worldcoin managed to raise an impressive $115 million in a Series C round from notable investors such as Blockchain Capital, a16z, Bain Capital Crypto, and Distributed Global. This round followed a successful fundraising effort in March of last year, where Worldcoin secured $100 million at a $3 billion valuation.
The launch of Worldcoin has caught the attention of the crypto community, especially due to Altman’s involvement and the innovative use of iris biometrics. By introducing this groundbreaking technology, Worldcoin aims to enhance security and accessibility within the cryptocurrency space.
As the launch day approaches, anticipation mounts, and the crypto community eagerly awaits further details regarding the distribution plan and functionality of Worldcoin. Altman’s previous work with OpenAI and his expertise in the tech industry make this venture highly anticipated. With the ability to authenticate users through iris biometrics and the support of prominent investors, Worldcoin has the potential to make a significant impact in the world of cryptocurrencies.
Investors, enthusiasts, and users are advised to stay tuned for the official announcement and take note of any developments regarding Worldcoin’s launch. This is undoubtedly a project to watch closely, as it combines cutting-edge technology and a strong backing to potentially reshape the future of cryptocurrencies.
