Following the announcement of Sora ‘s model for OpenAI video creation, Worldcoin co-founder Sam Altman of OpenAI reported a remarkable 170% price increase.
At the time of this writing, Worldcoin ‘s price was $6.83 – a staggering 165% increase from its $2.5 price a week earlier, according to CoinMarketCap. Worldcoin’s current capitalization is nearly $900 million.
on February 18, the company announced on social media that the number of active World App users for the day exceeded one million. This is another peak for the project.
According to blockchain analytics platform Spot On Chain, Alameda Research holds 25 million WLD tokens, representing about 19 percent of the supply in circulation.
Worldcoin is a digital identity project that securely verifies users using blockchain technology. The token was founded by Sam Altman, Max Novendstern and Alex Blania, WLD is awarded to individuals who participate in iris scans.
“Spheres,” devices designed to scan the iris, are a feature of the project. While innovative, they have raised concerns from the community and regulators about privacy. This is Worldcoin’s way of offering a new model for distributing wealth through cryptocurrency to support universal basic income(UBI).
In November 2023, it was announced that Altman had left OpenAI, where he was responsible for creating ChatGPT and DALL-E, generative artificial intelligence tools. Due to alleged communication deficiencies, he was immediately dismissed.
This initially affected the price of Worldcoin, which fell sharply until it rebounded when Altman eventually remained on board the project. Two weeks after Altman’s departure from OpenAI, there were significant changes to the company’s board of directors.
Sora, the latest text-to-video processing model, was released on OpenAI’s website on February 15. The company reported that “Sora can create videos lasting up to 60 seconds, featuring highly detailed scenes, complex camera movements and multiple characters evoking vivid emotions.”
