World

Worldcoin

Sora

World ID

Worldcoin (<a href="https://www.coingecko.com/en/coins/worldcoin" target="_blank" rel="noopener noreferrer nofollow">WLD</a>) is currently <a href="https://www.coingecko.com/en/coins/worldcoin" target="_blank" rel="noopener noreferrer nofollow">trading</a> at $8.85, representing an over 253% price increase in the last 14 days.
The recent surge was propelled by several factors:
<ul>
 <li>The launch of OpenAI’s <a href="https://crypto.news/worldcoin-gain-openai-sora/" rel="noopener noreferrer nofollow">Sora</a>, an artificial intelligence-powered platform that converts text to lifelike videos (Worldcoin co-founder Sam Altman is also the CEO and co-founder of OpenAI)</li>
 <li>A whale wallet recently <a href="https://www.binance.com/ar-BH/feed/post/4238302246866" target="_blank" rel="noopener noreferrer nofollow">accumulated</a> a substantial amount of WLD tokens — valued at $5.82 million — from Binance. This movement further contributed to the token’s upward momentum.</li>
 <li>Alameda Research’s recent <a href="https://coinmarketcap.com/community/articles/65d321e47c961301bcae8e8c/" target="_blank" rel="noopener noreferrer nofollow">ownership</a> of $167 million in WLD tokens, accounting for 19% of Worldcoin’s circulating supply, has also spurred speculation and bolstered WLD’s price.</li>
 <li>Positive market sentiments, fueled by events like the <a href="https://crypto.news/the-potential-impact-of-bitcoin-halving-on-the-cryptocurrency-market-opinion/" rel="noopener noreferrer nofollow">Bitcoin halving</a> and <a href="https://crypto.news/coinbase-calls-on-sec-to-approve-grayscales-spot-ethereum-etf/" rel="noopener noreferrer nofollow">Ethereum ETF</a> anticipation.</li>
 <li>The World App, designed to offer decentralized identity solutions, has seen an increase in <a href="https://crypto.news/worldcoin-breaks-an-all-time-high-user-record-in-argentina/" rel="noopener noreferrer nofollow">users</a>, with a record of 16,000 daily Orb verifications.</li>
</ul>
Meanwhile, the World project — designed to become the world’s largest digital identity and financial network — faces resistance and regulatory <a href="https://crypto.news/french-authorities-investigate-worldcoins-paris-hq/" rel="noopener noreferrer nofollow">challenges</a> in countries like France, India, and Brazil, where privacy concerns have forced the <a href="https://crypto.news/worldcoin-unlocks-tokens-for-unverified-users/" rel="noopener noreferrer nofollow">suspension</a> of iris scanning, or <a href="https://crypto.news/french-authorities-investigate-worldcoins-paris-hq/" rel="noopener noreferrer nofollow">so-called</a> Orb verification services.
Still, Worldcoin has managed to <a href="https://crypto.news/worldcoin-expands-world-id-verifications-to-singapore/" rel="noopener noreferrer nofollow">extend</a> its World ID verification services to other jurisdictions, including Singapore.
This expansion follows the successful launch of World ID 2.0 and the public availability of the Worldcoin iris recognition pipeline. With this move, Singapore becomes one of several countries offering World ID authentication through the Orb.&nbsp;
Worldcoin maintains a strong global presence, having introduced its services in multiple Asian, European, and South American nations.&nbsp;
The World App, compatible with World ID, has gained popularity, reaching 5 million downloads and 1.7 million monthly active users, placing it among the top global hot wallets
You might also like: <a href="https://crypto.news/blast-network-layer-2-project-prey-500-eth-rug-pull/" rel="noopener noreferrer nofollow"> Blast network’s layer 2 project falls prey to 500 ETH rug pull </a>
<h2 class="wp-block-heading" id="sora-launch-and-expansion-plans">Sora launch and expansion plans</h2>
The recent <a href="https://openai.com/sora" target="_blank" rel="noopener noreferrer nofollow">introduction</a> of Sora, a text-to-video generator from OpenAI (the parent company of ChatGPT), has generated buzz across the technology community.
Named after the Japanese word for “sky,” Sora marks a notable progression in AI capabilities, enabling users to craft realistic and imaginative video sequences from simple textual cues.
While Sora’s launch signifies a significant stride in AI-driven technology, concerns persist regarding its ethical ramifications and societal impact.
Capable of <a href="https://crypto.news/worldcoin-gain-openai-sora/" rel="noopener noreferrer nofollow">producing</a> videos of up to a minute, Sora has captured attention for its capacity to construct intricate scenes featuring multiple characters, specific actions, and elaborate backgrounds.
Industry analysts highlight the quality and duration of Sora’s output as noteworthy achievements, while some creatives <a href="https://www.thewrap.com/ai-predictions-2024-chatgpt/" data-type="link" data-id="https://www.thewrap.com/ai-predictions-2024-chatgpt/" target="_blank" rel="noopener noreferrer nofollow">worry</a> that these advancements are a death knell for artists and entertainment professionals.
Read more: <a href="https://crypto.news/worldcoin-market-cap-openai-nvidia/" rel="noopener noreferrer nofollow"> Worldcoin hits $1b market cap as OpenAI, NVIDIA unleash bullish catalysts </a>

Worldcoin surges despite AI regulatory challenges

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