Sam Altman’s Worldcoin hits a new all-time high as daily wallet users surpass 1 million following the launch of OpenAI’s Sora.

adminFebruary 20, 2024

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Worldcoin price surged to an all-time high on February 19 after the number of users of the cryptocurrency wallet application World App surpassed 1 million.

WLD is one of the best cryptocurrency gainers over the past week after surging 190%. The token was trading at $7.35 at 5:44 EST, giving it a market capitalization of nearly $1 billion.

The WLD price rise comes after the project revealed that the number of users of the World App Crypto Wallet has surpassed 1 million. In November last year, there were only about 100,000 daily active users.

The World App, the first wallet created for the Worldcoin project, surpassed 1 million daily users this week. This community is amazing 🫡 pic.twitter.com/Mf6Y51gscQ
— World Coin (@worldcoin) February 17, 2024

The WorldCoin project, co-founded by OpenAI CEO Sam Altman, has faced regulatory challenges since its launch last year, receiving opposition from the governments of Hong Kong, India and Kenya over privacy concerns.

OpenAI Advances to Drive WLD Benefits

WLD and other AI tokens tend to react to OpenAI-related developments. Last week, OpenAI launched Sora, a new AI tool that converts text to video. This tool has taken the internet by storm due to its ability to create video clips and scenes from text.

“Nighttime video of a hermit crab using an incandescent light bulb as its shell.”
Video produced by Sora pic.twitter.com/YcsxCeE5W2
— Aditya Ramesh (@model_mechanic) February 18, 2024

Earlier this month, Altman revealed plans to raise $7 trillion for semiconductor chip development, which also triggered WLD profits.

This is not the first time WLD has reacted to OpenAI-related developments. Last year, the token plummeted due to a leadership dispute at the artificial intelligence company.