Sora’s shipment propels Worldcoin with an impressive nearly 40% surge
Worldcoin (WLD) experienced significant gains, reaching $4.40, after the release of Sora, a text-to-video tool developed by OpenAI, founded by Sam Altman. Altman’s involvement in both Worldcoin and OpenAI likely contributed to the positive sentiment surrounding WLD, as trading volume for the cryptocurrency surged by over 281% in just 24 hours.
Altman, through his organization Tools For Humanity, played a key role in the creation of Worldcoin. However, despite Altman’s connection to both OpenAI and Worldcoin, Sora does not have a direct link to the WLD cryptocurrency, which currently holds a market capitalization of $571 million.
Worldcoin’s native token, WLD, is an integral part of the iris-scanning blockchain solution that Altman envisions as the future’s largest financial network and decentralized identification ledger. Since its launch in July 2023, the protocol has faced resistance in certain jurisdictions due to concerns about privacy. For example, Kenya suspended Orb enrollments shortly after WLD’s launch, despite being one of the initial target countries for Tools For Humanity.
The Office of the Privacy Commissioner for Personal Data in Hong Kong initiated an investigation into Altman’s on-chain ID startup, citing potential risks to personal data security. French regulators also probed the firm for similar reasons.
Worldcoin has been expanding its presence in other regions, such as South America, where over 1% of Chileans have signed up for the protocol. Additionally, Singapore has allowed Orb hardware devices to operate within its borders, enabling Worldcoin to collect data from new participants in the Asian market.
Previously, global Orb operators were able to receive payments in Circle’s stablecoin USDC. However, in October of last year, the company made changes and transitioned all of its operations to WLD-denominated payments.
In related news, Worldcoin recently discovered a flaw that allowed anyone to become an orb operator. This discovery prompted further scrutiny and investigation into the company.
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