Worldcoin (WLD) is making waves in the cryptocurrency market, but not all waves are positive. Recently, the
Sam Altman-led project unveiled World Network, a new layer-2 chain. Opinions are split, with some analysts maintaining a
bearish outlook on WLD and others see potential growth. Notably though, WLD's token value reportedly plunged following Worldcoin's rebranding. Another significant instance surfacing is an unveiling of World Network's real chat feature to connect real humans, a feature that might be essential for gaming applications in battling bot problems. Concurrently, the project has faced legal troubles, with European privacy orders demanding that Worldcoin allow users to comprehensively delete their data.
Meanwhile, the project has been making strides in international expansion, most recently launching its World ID verification service in Austria; this contributed to a rebound in WLD's price. The currency also faced additional scrutiny over its eye-scanning technology being termed as possibly invasive. Further, they have engaged in talks with Visa for Stablecoin Payments Wallet as per unnamed sources.
In another development, the
Trump family's cryptocurrency endeavor raised $550 million and launched a stablecoin named
USD1. The same launch sparked controversy, seen as a mockery of the crypto space. Also worth noting is that WLD coin showed a bullish trend from the previous week's performance.
A substantial portion of the cryptocurrency market growth is due to meme coins. The rise of such coins, including those associated with public figures like the Trump family, have been likened to the 'wild west.' The real-world implications of these tokens remain to be seen. Major unlocks of such tokens, including Worldcoin (WLD) and Immutable (IMX), also led the $513 million token unlocks this week.
WLD Coin News Analytics from Thu, 02 Mar 2023 15:07:19 GMT to Sun, 11 May 2025 02:30:41 GMT -
Rating -3
- Innovation 5
- Information -2
- Rumor -8
