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Worldcoin Experiences Notable Price Surge
Worldcoin, co-founded by OpenAI’s Sam Altman, has witnessed a remarkable 170% price surge following the announcement of OpenAI’s video creating model Sora. The current trading price of Worldcoin is at $6.83, representing a significant 165% increase from the price a week ago. With the current price, Worldcoin’s market cap is near $900 million.
World App Milestone and Token Holdings
- The company announced that the daily active users of World App have exceeded one million, marking a new milestone for the project.
- Blockchain analytics platform Spot On Chain pointed out that Alameda Research holds 25 million WLD tokens, about 19% of the circulation supply.
Privacy Concerns and UBI Proposal
Worldcoin started as a digital identity project that rewards individuals with its WLD token for participating in iris scans. The project’s distinctive feature, the “Orbs,” are devices designed for these iris scans, raising privacy concerns among regulators and the public. Worldcoin proposes a new model for distributing wealth using cryptocurrency, aimed at supporting Universal Basic Income (UBI).
Impact of Altman’s Departure and Sora’s Launch
In November 2023, Altman’s departure from OpenAI impacted Worldcoin’s price, but it rebounded as Altman remained onboard of the project. Altman returned to OpenAI with major changes in the company’s board members. On Feb. 15, OpenAI published the web page for its latest text-to-video model, Sora, which can create 60-second videos with highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
