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Worldcoin’s WLD token has soared over 180% to a new all-time high of US$7.95, according to data from CoinGecko.
The price increase of the WLD Token follows the recent launch of Sora, a text-to-video tool by OpenAI. The user milestone was reached on Sunday, with the World App, Worldcoin’s cryptocurrency wallet application, reporting over a million daily active users, a tenfold increase from November last year.
The project, co-founded by OpenAI CEO Sam Altman, has faced regulatory challenges and privacy concerns, particularly over its iris-scanning verification method.
Worldcoin’s approach to digital identity verification involves compensating users with its native cryptocurrency, WLD, in exchange for scanning their irises with devices known as “Orbs.” This method aims to establish a universal basic income (UBI) by distributing the WLD token globally.
However, the project’s use of biometric data has raised privacy issues, leading to investigations or suspensions of its services in several countries, including Hong Kong and India.
The recent developments in AI technology, such as the launch of OpenAI’s Sora have also contributed to the heightened interest in AI-related tokens. AI-themed tokens rose 36.6% over the past week.