Although there was a lot of excitement surrounding the release of Worldcoin, which brought attention to AI tokens, trading data from Kaiko shows that AI tokens have not seen significant growth.

Data shows a steady rise in the trading volume of tokens related to artificial intelligence (AI) over the past month. The trading volume of AI tokens increased from $570 million to $870 million between the end of July and the end of August. However, the volume has significantly decreased since the beginning of 2023 when it surpassed $7 billion, and has remained stagnant since then.

According to Dessislava Ianeva, an analyst from Kaiko, the excitement surrounding AI tokens dwindled in July, mainly because of a shift in global risk perception. The collective open interest for the five leading AI tokens, except for Worldcoin, decreased from $170 million in February to $60 million in August.

On July 24, 2023, the cryptocurrency community took notice of Worldcoin, which gained attention due to its co-founder, Sam Altman. Altman is also the CEO of OpenAI, which added to the buzz surrounding the project.

The main goal of Worldcoin is to establish a network that consists of only real people and no automated bots. The company, which is located in San Francisco, intends to provide individuals with World IDs, with the aim of creating a future where people can interact with websites without having to disclose personal details such as their names, phone numbers, or email addresses. This is made possible by a "global identity verification" system.

The initiative has faced criticism from global regulators and privacy advocates due to concerns about unclear data-gathering procedures. The collection of vast amounts of personal data by a single entity raises significant worries about data privacy.

HYIPer.net » No more trading volume for AI token despite Worldcoin gain more attention