Worldcoin Price: What’s happening With Worldcoin Today ?

With the market’s volatility, the Worldcoin price has seen significant changes recently. From reaching the ATH value of $11.82 to falling to a week low of $7.24, the token is trying to manage to stay stable.

Despite the ongoing crypto market volatility issues, the Worldcoin team has introduced some new changes to the platform.

In this blog, let’s discuss the Worldcoin price analysis and newly mentioned changes in the platform.

WorldCoin Price Performance

Worldcoin price is currently at $8.25 after a 3.22% hike in a day, which isn’t the best value for this crypto. On the 10th of March, WLD, the native token of Worldcoin, rose to a high of $11.82, an ATH value.

Despite the continuous falls here and there, Worldcoin has presented the best performance of its entire career. It is ranked 81st on the CoinmarketCap with a market cap of $1,283,646,023 after a 3% surge. Also, the trading volume has surged by 35%, pushing the value to $386,403,934.

The ongoing issues with Kenya have led to the Worldcoin price falling yesterday. Kenya is quite persistent in their decision to decline the removal of the ban on the project. The nation has put a ban on Worldcoin from August 2023 over privacy concerns.

Worldcoin Introduced Personal Custody

Worldcoin is built with this unique approach as only humans are qualified to be a part of this crypto community. Strangely enough, the Worldcoin creator Sam Altman, the CEO of OpenAI, known for ChatGPT and Sora, has envisioned this project revolving around World ID, a privacy-preserving global identity network.

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Earlier, to be a part of the network, users had to verify their humanness by providing their biometric information. But now that’s going to change as Worldcoin has announced Personal Custody options where the users no longer have to store their biometric data on the network. Instead, they can hold it on their own mobile devices. It is possible with the iris code generation by Orb during the world ID creation process. It will verify the Biometric information and only share the code with the network, keeping the details private and safe.

Orb is single-handedly responsible for data curation, encryption, and authentication processes. It will sign and transmit the packets to users’ phones. The public key creation will also happen on the mobile device, and Orb will use the keys to create the verification process.

Upon the ID creation, the user can prefer to delete the metric data or keep it safe on their devices. As a result, only encrypted data will be available, that too, on the user’s device, and a public key will be used for encrypting the data.

The platform tested this feature back in December. At the same time, they announced the details for the World ID 2.0 version, which is like “a human passport for the internet.”

Conclusion

As the Worldcoin team has introduced the Personal Custody program, it’s anticipated to get some leniency from the Kenya government. Among this fight between Kenya and the platform, the Worldcoin price finally seems to recover after falling 5% on Friday. The personal custody program will help manage the user’s data on their system only while maintaining the purpose of World ID.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.