Posted: February 19, 2024 2:33 AM Updated: February 19, 2024 2:33 AM
Correction and fact check date: February 19, 2024, 2:33 AM
briefly
World Coin is no. Since the launch of Open AI’s Sora-generated AI, WLD tokens have grown 140%, with World App users surpassing 1 million on Sunday.
Iris biometric cryptocurrency project World Coin (WLD) announced on Sunday that the number of users of its cryptocurrency wallet application World App has surpassed 1 million. According to a post on social media platform
At the same time, the price of the project’s native token, WLD, has experienced a significant rise of over 140% in the past week, surpassing the $6 threshold and establishing a new peak in price history. The token’s current market capitalization is approximately $700 million. The surge is linked to last week’s introduction of OpenAI’s Sora AI model, which allows users to convert text content into video format.
Founded in 2023 by Tools of Humanity, a company co-founded and chaired by OpenAI CEO Sam Altman, Worldcoin positions itself as a “privacy-preserving” digital identity verification initiative. Project participants undergo an iris scanning process and are rewarded with WLD tokens. Worldcoin’s primary goal is to build a global universal basic income initiative by issuing fiat-based unique tokens WLD to individuals around the world in exchange for verifying their identity.
Worldcoin’s WLD Token Performance
The performance of the WLD token has proven its sensitivity to OpenAI-related news in the past. Last year, the token price fell following Sam Altman’s temporary removal from his position within the artificial intelligence company.
Additionally, we have recently seen the value of various AI tokens rise. CoinGecko’s list of AI tokens shows a total increase of 25% over the past week, with several tokens seeing triple-digit growth. Additionally, according to a Stocklytics report, the total market value of AI-related cryptocurrencies recently surpassed $12 billion, indicating that broader integration of AI software has boosted the sector.
Worldcoin’s recent milestone and the broader positive trend in AI-related cryptocurrencies highlight the increasing integration of AI technology within the cryptocurrency sector.
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About the author
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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