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In a stunning week of growth, Worldcoin’s WLD token saw a surge of 140%, coinciding with its wallet app hitting 1 million daily users. The crypto project, co-founded by OpenAI CEO Sam Altman, has been in the spotlight for its ambitious vision and recent controversies.

A Leap in User Engagement

Worldcoin announced on X (formerly Twitter) that its World App had surpassed 1 million daily users, up from 100,000 in November 2023. This milestone reflects significant growth and community engagement. Launched in July 2023, Worldcoin aims to establish a Universal Basic Income (UBI) by rewarding users with WLD tokens for iris scans.

Controversies and Challenges

Despite its success, Worldcoin has faced scrutiny over privacy concerns, especially related to its iris-scanning “Orbs”. Investigations in Hong Kong and regulatory challenges in Kenya and India have highlighted the privacy debate surrounding biometric data collection.

OpenAI’s Role in the Surge

The surge in WLD’s value coincides with several major updates from OpenAI, including the unveiling of the Sora text-to-video generator. Sam Altman’s announcement of seeking $7 trillion for chip development has also sparked interest, underscoring the close ties between Worldcoin and OpenAI’s innovations.

The Road Ahead

Despite regulatory hurdles, Worldcoin’s rapid user growth and the token’s price surge highlight the project’s potential impact on digital identity verification and UBI. As Worldcoin navigates privacy concerns and regulatory scrutiny, its journey represents a fascinating intersection of cryptocurrency, technology, and societal change.

Worldcoin's WLD Token has skyrocketed more than 170% in the past two weeks.

Worldcoin’s WLD Token has skyrocketed more than 170% in the past two weeks. Source: CoinGecko