Worldcoin is on a mission to verify the identity of every human on Earth, one iris at a time. This bold vision was showcased in mid-May in the picturesque city of Nuremberg, Germany, where the company demonstrated its advanced Orb technology. The initiative, according to a recent report from Bloomberg, aims to ensure that every individual has a unique digital identity through a scan of their iris.
Nuremberg, a city more renowned for its historical charm than high-tech innovation, became the unlikely stage for this technology. At Josephs, a future-themed retail store located just off the main street, visitors encountered a mysterious metallic sphere, the Orb. Resembling a shiny chrome cantaloupe, the Orb was mounted on a black pole, captivating curious passersby.
Alex Blania, the Orb’s co-creator, was present at the event, where he engaged with an audience of German computer science and engineering students. The students, who celebrated Blania as a local success story, listened intently as he outlined the vision behind Worldcoin.
Meanwhile, Worldcoin (WLD) has faced challenges on the financial front. The crypto asset has been trending downwards, triggered by recent actions from Alameda, the trading arm of the defunct FTX.
Data from Lookonchain revealed that Alameda transferred 205,387 WLD tokens valued at approximately $352,000. This transaction coincided with a legal development in which Alameda was ordered to pay $12.7 billion as part of a resolution in a lawsuit filed by the Commodity Futures Trading Commission (CFTC).
FTX and Alameda will repay $12.7B to FTX creditors!
In a document filed on Aug 7, a US judge formally approved #FTX and #Alameda to repay $12.7B to #FTX creditors.https://t.co/R07ec2tr0U
On Aug 8, #Alameda deposited 205,380 $WLD($351K) into #Binance.#FTX and #Alameda… pic.twitter.com/iIf7qiaLAU
— Lookonchain (@lookonchain) August 9, 2024
Despite these challenges, Worldcoin remains a key player in the crypto market. As of the press time, Worldcoin was trading at $1.74, with a trading volume of over $109 million over the past day. Worldcoin recorded a decrease of 2.02% in the last 24 hours, reflecting the broader market’s uncertainty.