The native token of Worldcoin, a project co-founded by OpenAI CEO Sam Altman, has surged by over 140% in the past week, coinciding with significant user growth.
User Milestone: In a Feb. 18 announcement on X, Worldcoin revealed that its crypto wallet app, “World App,” has surpassed one million users, marking a substantial increase from just 100,000 daily active users in November 2023.
Launched in July 2023 by Altman and Alex Blania, Worldcoin aims to establish a “privacy-preserving” digital identity verification system. Users are rewarded with the native WLD token for scanning their irises, with the goal of eventually implementing a worldwide Universal Basic Income.
However, Worldcoin’s ambitions have sparked controversies, particularly regarding privacy concerns surrounding its metallic eye-scanning devices called “Orbs.” Regulatory scrutiny has intensified, with investigations initiated in Hong Kong and services suspended in Kenya due to privacy issues.
Despite regulatory challenges, the WLD token has surged by over 141% in the past week, benefiting from a broader crypto market rally.
Worldcoin’s gains coincide with notable updates from OpenAI, including the unveiling of Sora, a text-to-video generator, on Feb. 16. Additionally, Altman announced plans to raise $7 trillion for semiconductor chip development, despite raising eyebrows in the tech community.
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