Crypto platform Coinbase announces plans to include Sam Altman's iris-scanning digital currency venture, Worldcoin (WLD), on its listing agenda.
In an unexpected twist, Coinbase, the leading crypto exchange in the US, has dropped a bombshell, hinting at the potential listing of Sam Altman's World Network's native token, WLD.
The crypto giant shared the exciting news on its social media platform, X, and while adding a WLD token to its listing roadmap doesn't guarantee a future listing, it certainly hints at the possibility of WLD gracing Coinbase's platform in the near future. This move aims to foster transparency and curtail potential insider trading [2].
World Network, previously known as Worldcoin, is ambitious in its mission - creating digital identities for every person on Earth, verifying their humanity through eye-scanning "orbs". Once their eyes are scanned, users receive "World IDs" - designed to combat online bots and fake identities. The project's ecosystem also boasts WLD tokens and an accompanying application.
Last year, Spanish regulators clamped down on the project over customer complaints about its invasive data-gathering process. However, a recent survey of over 21,000 Spanish users showed that nearly 90% favored the return of Worldcoin operations in Spain [3].
"The survey results show just how important digital proof of humanness has become in Spain, and the extent to which people recognize the value provided by World ID...
Crucially, 81% of respondents stated that they feel safe using Worldcoin (with 15% unsure). The survey results also indicated that respondents in Spain are strongly in favor of the return of Worldcoin operations in the country (87%, with 9% unsure)."
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Remember, we're here to inform, but our opinions aren't investment advice. Always conduct your own due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Happy trading!
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[1] Listing on Coinbase is never guaranteed: https://blog.coinbase.com/announcing-coinbase-asset-listing-process-b59de2c76b60
[2] No official confirmation of the listing has been made yet: https://coinbase.com/blog/announcing-coinbase-asset-listing-process-b59de2c76b60
[3] The survey by World Network: https://www.worldcoin.org/understanding-world-coin-survey-findings/
[4] Technical integration work similar to other tokens: https://blog.coinbase.com/what-happens-when-you-deposit-crypto-to-coinbase-3cb7ac4dac6a
- Coinbase's potential listing of Sam Altman's World Network's token, WLD, could strongly impact the cryptocurrency industry, as the leading US crypto exchange ponders adding the controversial asset to its platform.
- The integration process for the WLD token on Coinbase, if it were to happen, would be similar to other tokens, but the final decision rests with the exchange's team.
- The recent survey conducted by World Network revealed that 81% of respondents feel safe using the platform, while 87% support its return to Spain. This surge in popularity could potentially strengthen the altcoin market.
- Notably, a disclaimer issued by Coinbase states that the addition of an asset to its listing roadmap doesn't guarantee a future listing, serving as a reminder to investors to conduct their own due diligence before making high-risk investments.
- Coinbase's announcement about the potential WLD listing follows other major developments in the crypto sphere, such as the partnership of FLOKI and Rice Robotics to launch an AI companion robot with token rewards, and the upcoming USX launch by Solstice Labs, a Solana-native stablecoin designed for transparency.
