Grayscale, a world-renowned crypto asset management company, announced that it would include 35 cryptocurrencies, including Dogecoin and Worldcoin, in its list of "potential investment products". This news undoubtedly caused a sensation in the crypto circle. Grayscale's move is both a response to market trends and a bold prediction of the future prospects of cryptocurrency investment.
Worldcoin rose more than 11% in 24 hours
The price of Worldcoin has risen above 2.6, with a significant increase, and the trading volume has increased during the rise, indicating that the market is actively buying, which will further push the price up. If the short-term MA crosses the long-term MA, it may mean the continuation of the upward trend.
Image source: AICion
As one of the crypto assets considered by Grayscale, the rise of Worldcoin has attracted widespread attention in the industry. Through a series of technological innovations and marketing promotions, Worldcoin has successfully attracted a large number of loyal users and investors. Especially in terms of community building, Worldcoin has cultivated a group of loyal user groups through various marketing activities and promotion strategies, laying a solid foundation for its market expansion.
In terms of financing, Worldcoin has successfully completed multiple rounds of financing since 2022, with a total financing amount of hundreds of millions of dollars. These funds not only provide guarantees for Worldcoin's technological upgrades, but also lay a solid foundation for its market promotion and ecological construction.
As one of the world's largest institutional holders of Bitcoin, Grayscale holds 222,300 Bitcoins in its Bitcoin ETF, Grayscale Bitcoin Trust (GBTC), worth approximately $12.8 billion. Grayscale's inclusion of Worldcoin in its list of "potential investment products" has undoubtedly increased investors' confidence in Worldcoin.
Worldcoin Partners with Dune to Increase Transparency Ahead of World Chain Mainnet Launch
On October 11, Worldcoin said it had partnered with Dune Analytics to improve transparency and data accessibility of its Layer 2 blockchain World Chain. Worldcoin said the partnership with Dune aims to provide more tools and information to World Chain users.
“Dune will enable the Worldcoin community to gain accessible on-chain data by providing detailed analysis or insights,” the project said in a statement.
Worldcoin also said that the collaboration aims to provide developers and users with "the ability to explore key metrics such as the number of real humans interacting with the chain, the performance of DeFi protocols or DEXs built on World Chain, and other relevant on-chain metrics."
Worldcoin announces extension of lock-up period, “a new world” brings new technology
In July, Worldcoin announced that it would extend the token lock-up period for early investors and team members from three years to five years. This move effectively reduced the circulation of tokens in the market, thereby alleviating potential selling pressure. Usually, token unlocking increases the supply in the market, causing prices to fall, while extending the lock-up period has the opposite effect, helping to support prices.
At the same time, the World Coin project announced that it will hold a large event in San Francisco on October 17. At this event called "a new world", the project's co-inventors, Alex Blania, CEO of Tools for Humanity (TFH), and Sam Altman, CEO of OpenAI, as well as other important members of the World Coin Foundation and TFH will share "meaningful project updates."
Image source: Internet
The project team stated in the announcement that the event will discuss enhanced technologies and methods to allow more people to join the Worldcoin network and help expand Worldcoin from the current 7 million validators to 700 million or more. If this event is not hype as the company officially promised, the nearly 10-fold increase in the number of validators will bring another climax to Worldcoin.
