**Worldcoin Extends Token Unlock Schedule, Market Reacts Positively**

Tools for Humanity (TFH), the team behind Worldcoin, has announced a significant change to its token unlock schedule. Initially set to unlock over three years, 80% of Worldcoin (WLD) tokens held by team members and investors will now be released over five years, starting July 24, 2024. This gradual release aims to prevent a sudden influx of tokens that could impact market prices. Following the news, WLD tokens surged nearly 20%, trading at $2.36.

Worldcoin, co-founded by OpenAI’s Sam Altman, uses iris scans for digital identity verification. Despite its innovative approach, the project has faced privacy concerns and regulatory scrutiny.