While WorldCoin’s debut brought attention to artificial intelligence (AI) tokens, Kaiko’s recent trading data suggests that AI tokens have stalled despite the hype surrounding WorldCoin’s launch.
according to Data shows that the trading volume of AI-related tokens has increased steadily in the past month. From the end of July to the end of August, the trading volume of AI tokens increased from US$570 million to US$870 million. However, this number has dropped significantly since surpassing $7 billion in early 2023 and has stagnated since then.
Likewise, Kaiko analyst Dessislava Ianeva, famous Enthusiasm for AI tokens began to wane in July, mainly due to changes in global risk sentiment. The total open interest of the five major AI tokens including FET, GRT, RNDR, OCEAN, and ROSE fell from $170 million in February to $60 million in August.
although #worldcoin Weekly trading volumes for AI-related tokens remained sluggish in August despite their controversial launch in late July. pic.twitter.com/gq8iEgNTPG
—Kaiko (@KaikoData) September 9, 2023
World Coin (WLD) debuted on July 24, 2023, attracting the attention of the cryptocurrency community. The buzz surrounding this cryptocurrency is largely due to its co-founder Sam Altman, who also serves as the CEO of OpenAI.
The main goal of WorldCoin is to create a network consisting only of real individuals, excluding automated bots. The San Francisco-based company plans to issue “World IDs” to people around the world, with the goal that in the future, individuals can interact with websites without revealing personal information such as names, phone numbers or email addresses, thanks to ” Global ID”. Authentication” system.
related: Despite criticism, Worldcoin has more than 9,000 registered users in Argentina in a single day
Still, global regulators and privacy advocates have expressed significant concerns about the move, pointing to what they see as a lack of clarity about the organization’s data collection procedures. The aggregation of large amounts of personal data by a single entity raises serious concerns about data privacy.
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