Worldcoin Seeks Partnerships, Faces Token Unlock Threat

Worldcoin (WLD), the iris-scanning crypto project, is seeking collaborations with tech giants like PayPal and OpenAI, but its future remains uncertain due to a looming token unlock and regulatory hurdles.

Worldcoin’s developer, Tools for Humanity, is reportedly in discussions with PayPal and OpenAI, but details and concrete plans are unclear. Worldcoin is actively engaging with governments like Malaysia to address data privacy concerns.

Worldcoin’s iris-scanning technology faces bans in Spain, Portugal, and Kenya due to privacy concerns. This trend is spreading across Asia, Africa, and Latin America. Black market activity involving World IDs and data privacy violations hinder user growth.

A significant portion of WLD tokens (currently only 1.9% of total supply is circulating) will be unlocked gradually over the next 15 years, starting July 24th. This influx could cause a price drop.

WLD is currently trading at $4.86. The token unlock, coupled with selling pressure from World Assets Ltd., could significantly impact the price.

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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