As a seasoned crypto investor with a knack for spotting potential game-changers, I must admit that Sam Altman’s Worldcoin partnership with MIMOS Berhad has piqued my interest. With a background in technology and AI, I can appreciate the strategic importance of integrating cutting-edge tech into a country’s digital infrastructure.
Worldcoin, led by Sam Altman, has once more captured global attention, joining forces with MIMOS Berhad, the research and development arm of the Malaysian government. According to a statement issued today, their collaboration aims to establish a system for verifying human identity across Malaysia in the context of increasing worldwide adoption of AI technologies. Essentially, they aim to incorporate advanced AI technology into Malaysia’s digital framework.
Worldcoin Partners MIMOS
On August 16, as reported by Worldcoin’s official announcement, MIMOS has entered into a Memorandum of Understanding (MoU) with Tools for Humanity (TFH), a well-known crypto project’s foundation, and MyEG, a respected e-government services provider. This agreement aims to incorporate the AI project’s technology into the nation’s digital system infrastructure.
“The purpose of this Memorandum of Understanding (MoU) is to utilize the AI project’s procedures and TFH technologies for enhancing existing and future tasks involving digital credentials. This action underscores the significance of digital evidence of human identity in our era of artificial intelligence, as stated in the company’s official announcement.”
According to the agreement, Sam Altman’s AI and cryptocurrency project will operate in Malaysia, providing people with advanced human verification services through cutting-edge iris recognition technology, known as the World Orb, which has been specifically developed for this project by TFH.
As a researcher, I’m excited to share that our collaboration is set to broaden into crucial domains like joint Orb production and connecting World Chain to Malaysia’s national blockchain framework. This expansion not only deepens our partnership but also opens up new avenues for innovation and integration in these exciting fields.
WLD Market Performance
Despite the stated progress, the price of Worldcoin decreased by 7.67%, currently trading at $1.46. The day’s lowest and highest prices were $1.45 and $1.59 respectively. Interestingly, Worldcoin’s 24-hour trading volume experienced a significant increase of 34.76% to reach $101.94 million.
Apart from this, Coinglass data revealed a 0.38% rise in the token’s futures Open Interest (OI) to reach approximately $127.94 million. Furthermore, the derivatives trading volume skyrocketed by 46.63%, reaching an impressive $453.70 million today. This data has sparked considerable excitement among investors regarding this asset.
Furthermore, it was revealed that the AI project has incorporated Safe, a secure, non-custodial wallet running on Ethereum and other EVM blockchains, into their native blockchain, World Chain. This action strengthens the security of transactions on the blockchain.
In summary, Sam Altman’s AI and cryptocurrency project has achieved a significant milestone by successfully negotiating an agreement with the Malaysian government, opening up new possibilities for future collaborations.
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2024-08-16 20:16