Worldcoin Token Skyrockets as OpenAI CEO’s Crypto Project Hits One Million Users

The native token of Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman, has surged more than 180% in the past week as its daily users ticked over the one million mark.

Worldcoin (WLD) is trading at $7.2 as of Feb. 19, 2024, up from $2.6 on Feb. 12, according to CoinGecko. The token has a market capitalization of $1 billion and a 24-hour trading volume of $1.3 million.

Source: CoinGecko

In a Feb. 18 post to X, Worldcoin announced that its crypto wallet application, dubbed “World App,” had notched more than one million users, a significant growth from just 100,000 daily active users in November 2023.

Launched in July 2023 by Altman and Alex Blania, Worldcoin is a self-described “privacy-preserving” digital identity verification project that pays users in its native cryptocurrency in exchange for scanning their irises.

The self-stated goal of Worldcoin is to attempt to introduce worldwide Universal Basic Income, by issuing everyone on the planet a small amount of its native WLD token in exchange for verifying their identity.

Worldcoin claims that its iris scan technology is secure, anonymous, and tamper-proof, and that it can prevent duplicate or fake accounts. The project also says that it will distribute 10% of the total WLD supply to its founding team and investors, 20% to a community fund, and 70% to the global population.

Worldcoin’s gains have come alongside several major updates from OpenAI, the research organization dedicated to creating artificial intelligence that can benefit humanity without causing harm or discrimination.

On Feb. 16, OpenAI unveiled its new text-to-video generator, Sora, allowing users to generate video clips and scenes from text prompts. Sora is based on OpenAI’s GPT-4, a powerful natural language processing model that can generate coherent and diverse texts on various topics.

A week earlier, on Feb. 9, Altman announced that he would seek to raise a staggering $7 trillion to help the firm fund and scale its semiconductor chip development. While the massive dollar figure raised eyebrows throughout the tech world, Altman didn’t seem too phased.

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