BULLISH 📈 : Worldcoin token surges 33% amid OpenAI’s social app rumors

OpenAI is reportedly exploring a new social platform focused on real humans, aiming to reduce bot accounts through biometric verification. This has caused significant market reactions.

Market Impact

Reports suggest OpenAI's project involves a small team using biometrics like Face ID or iris scans to verify users.
Worldcoin's token, WLD, surged by 33% following the news, with prices going from $0.51 to $0.68 within 24 hours.

Biometric Verification and Challenges

The goal is to differentiate between human and automated accounts using biometrics.
Worldcoin’s system uses iris scans paired with cryptographic claims to ensure user uniqueness without storing raw data.

Privacy and Policy Concerns

Biometric data raises privacy issues as laws vary by country.
Concerns include data consent, storage duration, and alternatives to biometric checks.
Security risks are emphasized if verification systems face breaches, warranting scrutiny from civil rights groups.

No official announcements have been made by OpenAI or Worldcoin, with current information based on unnamed sources. Plans might evolve, and early reports might exaggerate certainty.