Worldcoin sees nearly 40% gain as OpenAI ships Sora

General

Worldcoin (WLD) scored double-digit gains in its rise to $4.40 following the launch of Sora, the text-to-video tool launched by Sam Altman’s OpenAI.

Sam Altman’s role in both digital identity protocol Worldcoin and OpenAI, the Silicon Valley artificial intelligence behemoth, likely triggered bullish sentiment amongst WLD speculators as trading volume for the crypto skyrocketed over 281% in 24 hours.

Altman founded Tools For Humanity, which created Worldcoin.

WLD price | Source: CoinMarketCap

OpenAI shipped its latest AI tool to equip video creators, but Sora boasts no direct link to the $571 million market-capitalized WLD cryptocurrency other than Altman himself.

Worldcoin’s ID protocol

WLD is the native token of Worldcoin, an iris-scanning blockchain solution Altman touts as the future’s largest financial network and decentralized identification ledger. The protocol launched in July 2023 received pushback in some jurisdictions, primarily due to privacy concerns.

Kenya suspended Orbs enrollments a month after WLD launched, despite being one of the first countries targeted as a user base by Tools For Humanity.

Hong Kong’s Office of the Privacy Commissioner for Personal Data opened an investigation into Altman’s on-chain ID startup, citing risks to personal data security. French regulators also probed the firm for similar reasons.

Worldcoin is expanding in other areas like South America, where over 1% of Chileans have signed up with the protocol. Singapore opened its doors to Orb hardware devices, allowing the company to collect data from new participants in the Asian market.

Global Orb operators could receive payments in Circle’s stablecoin USDC until changes were announced in October last year. The firm transitioned all of its operations to WLD-denominated payments.