Worldcoin soared 140% in one week: what is behind this strong rise

Worldcoin soared 140% in one week: what is behind this strong rise

February 19, 2024 – 18:50

Worldcoin’s native token climbed more than 140% in the last week to exceed one million daily users. This company’s earnings came alongside several major updates to OpenAI.

Worldcoin soared 140% in one week: what is behind this strong rise

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Worldcoin appreciated more than 140% in the last week. In turn, the company announced that its cryptocurrency application, called “World App”, had surpassed one million users, significant growth from the 100,000 daily active users reached in November 2023.

One of the possible reasons for the increase is the presentation, by the company OpenAIwhich is from the same creator, from Sora, a new artificial intelligence system specialized in video generation. Besides, Worldcoin usage is driving Optimism’s growthwhich is an Ethereum layer 2 network.

Wordcoin also announced that they recorded 16,000 biometric verifications per day. Another relevant milestone that once again highlights the good reception of Worldcoin services.

It is worth remembering that Worldcoin is a startup focused on digital identity based on blockchain that uses biometric recognition. That is to say, It serves to scan users’ retinas and establish that they are unique.

However, since its launch the biggest boost in its price and its use is the fact that Its founder is the creator of OpenAI, Sant Altman. Therefore, any success in their projects results in an increase in enthusiasm around the Worldcoin WLD token.

Source: Ambito

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