The price of the World token (formerly Worldcoin) surged to $0.65 after news emerged that OpenAI is working on launching a new social network featuring biometric user verification. According to TradingView data, this marked the highest level in recent times, although the price later returned to $0.48, which still exceeds the average level of the past few days. Over the week, the token added more than 3% to its value.
This is reported by Business • Media
OpenAI’s Innovative Project and Its Impact on the World Market
Media reports have circulated that OpenAI is developing a social network that plans to utilize biometric identity verification. This innovation is expected to significantly reduce the number of fake accounts and bots on the platform. Such a concept aligns organically with the ideas of the World ecosystem, which includes the Orb retinal scanning device and a range of other solutions that allow for the creation of a unified biometric “passport” for users.
Criticism and Development Prospects
Despite technological innovations, the World project faces criticism. In particular, in Kenya, authorities have mandated developers to delete all biometric data collected from local users, posing a significant challenge for the company.
Experts emphasize that the spike in WLD’s price does not necessarily indicate the beginning of a new upward trend. In their view, the market remains under the control of sellers and is on the verge of a crucial decision regarding the future price movement.
“Despite the recent attempt at a rebound, the overall structure remains weak, and sellers still control the overall trend. The market is now approaching a critical decision-making point, where either a base formation or further decline may occur.”