SAN FRANCISCO, CA Monday, February 26, 2024 – The value of Worldcoin, the cryptocurrency associated with Sam Altman’s controversial eye-scan digital ID project, has surged nearly 190% in the past week, fueled by the release of OpenAI’s new AI tool and a broader market rally. 1
Worldcoin, currently trading at around $4.75, has seen its market capitalization balloon to $975 million, placing it among the top 100 cryptocurrencies by market value, according to Forbes.
This surge coincides with two key milestones, mainly OpenAI’s launch of Sora, its video generator.
The release of this text-to-video AI tool, also linked to Altman, sparked enthusiasm across the crypto market, potentially contributing to Worldcoin’s gains.
Another factor that could have impacted this could be the World App surpassing 1 million daily users.
This suggests growing community support despite concerns about the project’s data privacy and regulatory challenges.
Worldcoin, spearheaded by Altman, aims to establish a universal digital identity through in-person eye scans administered by a unique device. However, the project has faced criticism for its data collection practices and regulatory hurdles in various countries.
- Worldcoin: https://www.forbes.com/sites/roberthart/2024/02/19/sam-altmans-worldcoin-soars-after-launch-of-openais-sora-video-tool/?sh=38c7a1b5327d[↩]
