Introducing a new cryptocurrency called WorldCoin | Latest CryptoCurrency

Introducing a new cryptocurrency called WorldCoin | Latest CryptoCurrency 

WorldCoin | Latest CryptoCurrency

After the digital currency Bitcoin, a new Cryptocurrency called WorldCoin was introduced by Sam Altman, CEO of OpenAI, the WorldCoin cryptocurrency project.

The project's biggest offering is its WorldID, an account that only real people can access, the foreign news agency reports.

To get a World ID, a buyer signs up to have an in-person iris scan using WorldCoin's 'orb', a silver ball about the size of a bowling ball.

Once Orb's iris scan verifies that the buyer is a real person, it creates a global ID for him.

The WorldCoin project has 2 million users and with WorldCoin "orbing" operations in 35 cities in 20 countries, with its launch on Monday, signups in some countries will receive WorldCoin's cryptocurrency token, WLD.

Cryptocurrency

The Cryptocurrency aspect of global IDs is important because cryptocurrency blockchains can keep global IDs highly private and cannot be controlled or blocked by a single entity, project co-founder Alex Blania told Reuters.

Global IDs are essential in the era of creative AI chatbots like ChatGPT, and global IDs can be used to differentiate between real people and AI bots, says the project director.

OpenAI

OpenAI CEO Sam Altman told Reuters that WorldCoin could also help address how artificial intelligence (AI) will transform the economy with positive economic effects.

Binance, the biggest digital currency trade

Binance, the biggest digital currency trade, said it will list Worldcoin with the speculative opening of exchanging expected to be on Monday at 0900 GMT.

How much world coin worth

The value of Worldcoin changes relying upon the market interest and supply. As of July 28, 2023, the cost of Worldcoin goes from $0.014 to $3.58. The cost of Worldcoin is liable to change because of market variances.

World coin Price in India

The source and the state of the market determine how much WorldCoin costs in Indian Rupees (INR). Here are some ballpark costs:

Coinbase: WorldCoin is now worth $1.27 per WDC.

CoinGecko: For every 1 Worldcoin (WLD), 172.42 Indian rupees are converted.

According to Walletinvestor, 1 WorldCoin is equivalent to roughly 2.361155 Indian Rupee.

WorldCoin is currently worth $1.10 in INR on DigitalCoinPrice.

Please be aware that the price of cryptocurrencies is extremely unstable and subject to quick changes. For the most precise and recent information, it is advised to check real-time prices on trustworthy cryptocurrency exchanges.

World coin Launch Date

The Worldcoin beta phase ended on July 24, 2023.

In October 2021, the project raised a start-up $25 million, and within six months, another $100 million had been raised, bringing the token's worth to $3 billion. In May 2023, more funding of $115 million was announced, to be used for enhancing the Worldcoin project and application, investing in bot detection, research and development, and.

The Worldcoin Foundation, tasked with advancing the system and building the Worldcoin community until the latter becomes self-sufficient, chose the precise launch date.

What is the purpose Of World-Coin 

Worldcoin aims to provide more egalitarian access to the global economy through the use of decentralized financial institutions and a universal basic income.

Regardless of location or background, Worldcoin is creating the biggest identification and financial network in the world as a public utility.

Worldcoin is creating a number of ecosystem tools, such as World ID, Worldcoin Token, and World App, in order to create a strong financial public network that would be accessible to everyone on the earth.

The Worldcoin Token, a projected cryptocurrency for the Worldcoin ecosystem, is meant to be used for both utility and ecosystem management.