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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.
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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.
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