Worldcoin’s WLD Token Surges 40% in a Day
The token of Sam Altman’s crypto-powered digital ID project, Worldcoin, has experienced a surge of 40% in the past day. Worldcoin’s WLD token is currently trading at $7.44, marking a 39.8% increase for the day and a 185.8% increase over the past week according to CoinGecko.
Altman’s OpenAI Launches Sora App
The token’s price surge coincided with the launch of text-to-video AI app Sora by Altman’s firm, OpenAI, on February 15. Although unrelated, the launch of Sora seems to have increased interest in Altman’s projects, making Worldcoin an attractive investment option for crypto traders seeking exposure to the OpenAI CEO.
AI Tokens Show Strong Performance
Tokens associated with artificial intelligence projects are also performing well recently. CoinGecko reports that AI coins have seen an increase of over 11% in the past day and over 40% in the past week. Notable performers include SingularityNet, Fetch.ai, and Ocean Protocol.
Worldcoin’s Goal: A Global ID System
Worldcoin aims to establish a global ID system to combat bots by using a hardware device called the Orb to scan users’ irises and create a unique “fingerprint” known as IrisCode. This information is then stored on Worldcoin’s blockchain to generate a WorldID linked to the user.
Controversy Surrounding Worldcoin
The eye-scanning activities conducted by Worldcoin have faced scrutiny from several governments including Germany, France, Argentina, and Kenya. Investigations into the project have been launched in response. Additionally, Worldcoin discontinued its Orb verification program in India, Brazil, and France in December.
OpenAI’s Success with Sora
Altman’s OpenAI has achieved success with the launch of its Sora text-to-video model. The closed beta version of the app showcases characters with realistic emotions and seamless video transitions.
Altman Seeks Funding for OpenAI
Recent reports suggest that Altman is in discussions with investors to secure funding between $5 trillion and $7 trillion for OpenAI. The goal is to increase global AI chip manufacturing capacity.
Hot Take: Worldcoin’s WLD Token Gains Momentum as Altman’s Projects Thrive
The surge in Worldcoin’s WLD token price highlights the growing interest in Sam Altman’s crypto-powered digital ID project. With the launch of OpenAI’s Sora app and the success of its text-to-video model, Altman’s projects are gaining traction. Furthermore, the performance of AI tokens indicates a broader market interest in artificial intelligence-related projects. However, Worldcoin faces controversy due to its eye-scanning activities, while Altman seeks significant funding for OpenAI to expand global AI chip manufacturing capacity.
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