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Despite the buzz surrounding Worldcoin, the trading volume of AI tokens remains stagnant.

AI Tokens Trading Volume Stagnates Despite Worldcoin Hype, Kaiko Data Shows.

The launch of Worldcoin brought attention to AI tokens,

but recent trading data from Kaiko reveals that AI tokens have experienced stagnation despite the initial excitement.

The data indicates a steady increase in trading volume for AI tokens from the end of July to the end of August,

reaching $870 million.

However, since the beginning of 2023, when the trading volume exceeded $7 billion,

it has significantly declined and remained stagnant.

According to Kaiko analyst Dessislava Ianeva, enthusiasm for AI token started diminishing in July,

largely influenced by a shift in global risk sentiment.

The total open interest for the top five AI tokens, excluding WLD,

decreased from $170 million in February to $60 million by August.

Worldcoin, launched on July 24, 2023, has captured the attention of the cryptocurrency community due to its co-founder and OpenAI CEO, Sam Altman.

The project’s primary goal is to establish a network exclusively composed of real individuals, excluding automated bots.

Worldcoin plans to issue World IDs to individuals, envisioning a future where people can interact with websites without divulging personal information such as names, phone numbers, or email addresses, thanks to a “global identity verification” system.

Nevertheless, global regulators and privacy advocates have voiced significant concerns about the initiative, citing a lack of transparency in the organization’s data collection procedures.

The collection of extensive personal data by a single entity raises substantial apprehensions about data privacy.

As Worldcoin continues to develop and gain traction in the cryptocurrency space, it remains to be seen how the project will address these concerns and navigate the regulatory landscape.

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