- Worldcoin launches in Vienna, marking its expansion into Austria.
- Over 6 million users have already joined the Worldcoin network globally.
- WLD token price volatility raises concerns amidst expansion efforts.
Worldcoin, the crypto project founded by OpenAI CEO Sam Altman, is expanding to Austria. Starting Wednesday, July 31, Vienna residents aged 18 and above can join the Worldcoin network by verifying their World ID with orbs at various city locations. This initiative builds upon a global effort, with over 6 million participants already on board.
The German-based operating company announced that Vienna will now host three locations where individuals can have their irises scanned to obtain a World ID, an online verification system that distinguishes humans from AI-generated bots.
The World ID is intricately linked to the cryptocurrency Worldcoin (WLD), which is distributed in small amounts to its regular users. Worldcoin, actively traded on various cryptocurrency exchanges, can be exchanged for traditional currencies. However, the token’s value has recently experienced a significant drop.
Friederike Lumbroso-Baumgartner, General Manager at Tools for Humanity for Germany, Austria, and Switzerland, stated that the project’s initial goal is rapid and ambitious expansion into other markets. She emphasized the importance of making the World ID accessible to as many people as possible, as quickly as possible.
Lumbroso-Baumgartner assured that the World ID and the Worldcoin project comply with all European General Data Protection Regulation (GDPR) requirements. Prior to the Vienna launch, discussions were held with the Austrian data protection authority to ensure full compliance.
Despite not collecting personal data such as names, dates of birth, and addresses for the iris scan, the project has faced skepticism from politicians and authorities.
In related news, Worldcoin recently unlocked 5.02 million WLD tokens worth approximately $11.70 million amid market movements. Since May 4, the project’s multi-signature address, 0xE79…861a3 has transferred a total of 4.15 million WLD tokens to another address, accumulating a value of $17.08 million.
Over the past three months, Worldcoin’s price has plummeted by 53.4%, falling from $5.131 to $2.21 since the initial transfers. This volatility highlights the challenges and uncertainties that the Worldcoin project faces as it continues to expand and integrate into new markets.
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