Worldcoin soars post Sora launch

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Worldcoin, a cryptocurrency project co-founded by Sam Altman, has experienced a significant surge in its value following the launch of OpenAI's Sora AI model. The price of Worldcoin doubled over the last week, reaching an all-time high of $5.36, with its market cap approximately at $700 million1. This rally was part of a broader increase in AI-related tokens after the release of Sora, a text-to-video AI model developed by OpenAI, where Sam Altman serves as CEO234. Sora has been described as a potential "Hollywood Killer" due to its ability to generate minute-long videos that are difficult to distinguish from those created by humans2. The launch of Sora has not only boosted Worldcoin but also other AI tokens, with CoinGecko's list of AI tokens up by 25% overall in the last week1. This surge in interest around AI tokens reflects a growing speculation on the value intersection between AI and crypto, where blockchain's distributed ledger technology could help decentralize AI models, thus reducing the concentration of power in single entities and verifying the provenance of images in an era where distinguishing real from fake is increasingly challenging2. Worldcoin itself is a blockchain-based digital identity startup that uses physical orbs to scan users' retinas to establish unique individual identities. Despite facing regulatory challenges and privacy concerns in various jurisdictions, the project has continued to expand, with over 1% of Chileans signing up and Singapore opening its doors to Orb hardware devices4. The recent price rally of Worldcoin coincides with its wallet app, the World App, surpassing one million daily users, indicating significant growth from just 100,000 daily active users in November of the previous year7. The connection between Worldcoin and OpenAI, through Sam Altman, has likely contributed to the bullish sentiment among investors and speculators, leading to a significant increase in trading volume for Worldcoin4. Despite the regulatory hurdles and privacy concerns associated with Worldcoin's iris-scanning devices, the project's ambitious goal of introducing a worldwide Universal Basic Income by issuing its native WLD token in exchange for verifying identities has continued to attract attention7. In summary, the surge in Worldcoin's value can be attributed to the broader crypto market rally, the launch of OpenAI's Sora AI model, and the significant growth in the World App's daily users. The intersection of AI and crypto, as demonstrated by the interest in AI-related tokens, suggests a promising area for future developments, despite the existing challenges and regulatory scrutiny faced by projects like Worldcoin12347.
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