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BULLISH 📈 : Worldcoin price surges 40% after OpenAI social media announcement
Worldcoin Surge Amid OpenAI's New Social Media Development
- Worldcoin's price increased by 40% following the announcement of OpenAI's new social media platform aimed at competing with X.
- The price rose from $0.45 to $0.65, then adjusted to around $0.52. Market capitalization is now at $1.44 billion.
- Daily trading volume surged by 820% to $681 million, and WLD futures open interest increased by 75% to $192 million.
- OpenAI is reportedly developing a "humans-only" social platform with biometric identity verification using Face ID or Worldcoin Orb scanner.
- This move aims to differentiate from platforms like Facebook, LinkedIn, and X, which don't use biometric verification.
- Worldcoin, founded by Sam Altman, focuses on iris scanning for identification.
- OpenAI previously signed a $300 billion deal with Oracle, impacting Worldcoin's price.
- BitMine invested $250 million in WLD reserves, highlighting the importance of zero-knowledge proof technology for future platforms.