Worldcoin (WLD), the cryptocurrency project co-founded by OpenAI CEO Sam Altman, has surged over 140% in the past week, coinciding with its user base surpassing 1 million daily users.
Worldcoin (WLD), the cryptocurrency project co-founded by OpenAI CEO Sam Altman, has surged over 140% in the past week, coinciding with its user base surpassing 1 million daily users. However, the project's controversial methods and regulatory hurdles cast a shadow on its success.
Worldcoin launched in 2023, offering "privacy-preserving" digital identity verification through iris scanning. Users receive WLD tokens in exchange for verification, with the project aiming to eventually enable a global Universal Basic Income (UBI) system.
While its user base has exploded, reaching 1 million in February, privacy concerns regarding its iris-scanning technology have sparked controversies. Hong Kong launched an investigation, citing "serious risks," while Kenya banned its services and India paused iris scans.
Despite regulatory pressure, the WLD token has seen significant gains, potentially fueled by a broader crypto market rally and recent developments from OpenAI, Altman's other venture. OpenAI unveiled its text-to-video generator, Sora, and Altman announced plans to raise a staggering $7 trillion for chip development.
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