Despite the interest generated by the launch of Worldcoin (WLD), recent trading data from Kaiko shows that AI tokens have remained stagnant.
The data reveals that the trading volume of AI-related tokens rose steadily over the past month, increasing from $570 million to $870 million from July to August. However, this is a significant decrease from the beginning of 2023 when it exceeded $7 billion, and it has been stagnant since then.
Kaiko analyst Dessislava Ianeva observed that enthusiasm for AI tokens started to wane in July, mainly due to a shift in global risk sentiment. The total open interest for five of the largest AI tokens, excluding WLD, fell from $170 million in February to $60 million by August.
Worldcoin was launched on July 24, 2023, attracting attention from the cryptocurrency community. The interest in the project is largely due to its co-founder, Sam Altman, who is also the CEO of OpenAI. Worldcoin aims to create a network consisting only of real people, excluding automated bots. The San Francisco-based company plans to issue World IDs to individuals, envisioning a future where people can interact with websites without disclosing personal information like names, phone numbers, or email addresses, thanks to a “global identity verification” system.
However, global regulators and privacy advocates have expressed significant concerns about the initiative, citing a lack of clarity in the organization’s data collection procedures. The accumulation of vast amounts of personal data by a single entity raises significant concerns about data privacy.
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