Weekly Recap: Worldcoin Token Launch, NFT Liquidity Considerations, Advancements in AI, and more

Worldcoin Token Launch

-Kel Eleje (@kelxy_)

Worldcoin's WLD token made its debut on Monday the 24th. Cofounded by Sam Altman, the founder of OpenAI, the Worldcoin initiative seeks to verify whether an online entity is human or not, employing a unique biometric identification approach.

To achieve its objective, Worldcoin uses a hardware device shaped like an orb, which scans users' eyes to verify their human identities. Participants have the option to store either a hash of their eye data or the raw data itself, providing some flexibility in privacy. As a reward for early adopters, the project distributed 25 WLD tokens to users through an airdrop, valued at approximately $55 per token based on current market prices.

However, the project has drawn both attention and criticism, with Vitalik Buterin notably voicing several key concerns. These concerns include privacy, centralization, security, and accessibility.

Source: Vitalik, Biometric