H2: Worldcoin’s Debut Fails to Boost AI Token Trade Volume
The debut of Worldcoin (WLD) promised to revolutionize the world of artificial intelligence (AI) tokens. However, recent trading data suggests that the hype surrounding Worldcoin’s launch has failed to ignite a surge in AI token trade volume.
According to data from Kaiko, the trading volume of AI-related tokens experienced a steady increase over the past month, reaching $870 million by the end of August. But this pales in comparison to the trading volume at the beginning of 2023, when it exceeded a whopping $7 billion. Since then, AI token trade volume has stagnated.
Dessislava Ianeva, an analyst from Kaiko, believes that the decline in enthusiasm for AI tokens can be attributed to a change in global risk sentiment. The total open interest for five of the largest AI tokens, excluding WLD, plummeted from $170 million in February to just $60 million by August.
H2: Worldcoin’s Controversial Launch Robs AI Tokens of Momentum
Worldcoin’s launch on July 24, 2023, sparked controversy and caught the attention of the cryptocurrency community. Led by co-founder Sam Altman, Worldcoin aims to create a network of real individuals by issuing World IDs, eliminating the need for personal information like names and email addresses.
However, critics, including global regulators and privacy advocates, have voiced concerns about the project’s data-gathering practices. The accumulation of vast amounts of personal data by a single entity raises serious privacy questions.
H2: Can Blockchain Truly Improve Trust in AI?
As the trading volume of AI tokens languishes, questions remain about the future of these artificial intelligence-based assets. Can blockchain and tokenization really revolutionize the AI industry as promised? Will Worldcoin be able to overcome the regulatory and privacy hurdles it faces?
We want to hear from you! What are your thoughts on the current state of AI tokens and the controversy surrounding Worldcoin’s launch? Leave a comment below and join the discussion.
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