OpenAI’s hint that it may build a social app focused on real humans sent one crypto token climbing fast this week. Traders moved quickly after reports surfaced that the new service would try to block bots by using biometric checks. Prices jumped, chatter rose, and a few questions followed close behind. Related Reading: Something Big Is Brewing In XRP DeFi—And 91 Million Tokens Tell The Story Markets React To Biometric Rumors According to Forbes and several market outlets, OpenAI is quietly exploring a “humans-only” social platform. Reports say the project is still small, run by a roughly 10-person team inside the company. The idea would be to verify real users with biometric tools — either existing phone systems like Face ID or iris scans similar to the ones used by Worldcoin’s Orb. Worldcoin’s token, WLD, surged sharply on the news, hitting gains as high as 33% during the initial trading spike. That move was partly speculative. Prices later pulled back, but trading volume stayed elevated and volatility increased. WLD climbed from $0.51 to $0.68 in the last 24 hours, data from Coingecko shows. How Proof Of Personhood Could Be Used Proof of personhood aims to tell a platform which accounts are run by actual people and which ones are automated. Reports note that using biometrics would make it harder for bots to create fake accounts, but that approach raises new hurdles. For example, devices and systems must be trusted to check identity without sharing private data. Worldcoin’s model pairs an iris scan with a cryptographic claim. That claim is meant to prove uniqueness while hiding the raw biometric image. The technical detail matters. How the checks are stored, who holds the keys, and whether users can opt out will shape public acceptance. The Identity Project News outlets first published the OpenAI report late last week. Markets reacted in real time. Social posts amplified the rumor, and media pieces linked the plan back to Worldcoin because Sam Altman, OpenAI’s CEO, helped start the identity project. No formal announcement has been made by OpenAI or by Worldcoin. Everything on the table is based on reporting from unnamed sources. It should be clear that plans can change, and that early reports often overstate certainty. Related Reading: PayPal Survey: 4 In 10 US Merchants Now Accept Crypto Privacy And Policy Questions Loom Policy experts were quick to point out issues. Biometrics are sensitive data. Laws in different countries treat them in different ways. Reports have disclosed that regulators will likely ask how consent is gathered, how long data is kept, and whether people can use alternatives to biometric checks. Security is also a concern: if a verification system is breached, the consequences could be serious. Some civil rights groups already say that any mass biometric system deserves close scrutiny. Featured image from Nelson Dai, chart from TradingView
Worldcoin (WLD) has seen a 40% daily jump following Eightco’s announcement of the first WLD treasury strategy in the world. Amid the rally, some analysts suggest that the cryptocurrency could see a 200% run to the December highs. Related Reading: ‘Corporate’ Altcoin Season? Expert Shares How Crypto ETFs, Treasuries Could Change The Market Eightco Unveils First Worldcoin Treasury Strategy On Monday, public e-commerce infrastructure firm Eightco Holdings Inc. announced it has secured a $250 million private placement to implement the first-of-its-kind Worldcoin treasury strategy. According to the press release, Eightco’s capital raise involved the sale of 171.2 million shares of common stock at $1.46 per share, with an additional 13.7 million shares issued to BitMine, the largest Ethereum (ETH) treasury company, at the same price. On September 8, BitMine announced a $20 million strategic investment into Eightco Holdings Inc. (NASDAQ: OCTO) as part of OCTO’s $270 million private investment in public equity. BitMine’s investment marks the start of its “Moonshot” strategy, aiming to allocate 1% of the company’s balance sheet into projects to strengthen the Ethereum ecosystem and create value for BitMine equity shareholders. Thomas “Tom” Lee, Chairman of BitMine, noted that the company “wants to support and back innovative projects that create value for the Ethereum network. As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users.” Eightco stated that proceeds from the private placement will allow the company to adopt Worldcoin as its primary treasury reserve asset. It added that the treasury may also hold ETH as a secondary reserve asset, but the primary emphasis will be on WLD. “Worldcoin will serve as the Company’s primary treasury reserve asset. In connection with the closing of the offering, the Company intends to change the Nasdaq trading symbol of its common stock to ‘ORBS’, which is expected to take effect on September 11, 2025,” the press release reads. WLD Breakout Eyes 200% Rally Following the announcement, Worldcoin broke above the $1.50 barrier, hitting a three-month high of $1.58 and nearing a crucial resistance level. The cryptocurrency has been accumulating between the $0.60-$1.60 price range for the past seven months, failing to break out of this range during the May and August rallies. However, WLD has been recently gaining momentum, with its price surging around 30% over the weekend and reclaiming the $1.00 mark. Market watcher Alpha Crypto Signals noted that Worldcoin broke out of a nearly two-month falling wedge on the daily chart, signaling a potential trend shift for the token. They highlighted that WLD reclaimed the 9 EMA after the breakout, and the push beyond key resistance levels gave bulls the upper hand, adding that “WLD buyers took control exactly as anticipated.” Meanwhile, analyst LlucianoBTC pointed out a four-month falling wedge on WLD’s chart, affirming that Worldcoin is targeting a “spectacular” rally once the breakout is confirmed. According to the chart, the cryptocurrency has broken out of the formation’s resistance at $1.20 after two failed attempts, which could send the price to last year’s highs if momentum holds. Related Reading: Ethereum Price To Clear $5,000 If This Level Is Broken Similarly, Captain Faibik asserted that Worldcoin was on the verge of a multi-year trendline breakout on the daily chart, targeting a 200% rally to the December 2024 high, around the $4.00 area. Since then, the cryptocurrency has broken out of the major resistance and is attempting to reclaim the $1.50 level as support. As of this writing, Worldcoin is trading at $1.51, a 73% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
World provides people with a single digital identity after they have their eyeballs scanned to prove they are human.
World, formerly known as Worldcoin, has officially launched its identity verification platform in the United States, according to an April 30 statement. The blockchain-based project enables users to confirm their humanity using a World ID, which can now be verified at dedicated centers in six key cities, including Atlanta, Austin, Los Angeles, Miami, Nashville, and […]
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World's big push to scale involves U.S. rollout, a new Visa card and partnership with Tinder's parent company.
World (formerly known as Worldcoin) has unveiled World Chat, a new messaging tool integrated into the World App. According to a March 6 announcement, this “Mini App” allows users to send messages and transact crypto within the World Network, enhancing communication and digital transactions. Mini Apps are lightweight web-based applications integrated within the World App. […]
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In contrast to World’s iris scanning, Humanity’s palm scans are more user-friendly and maintain a high level of security, according to Humanity’s founder.
Although World has reached a significant milestone, regulatory headwinds across jurisdictions remain a challenge for the project.
German regulators demand compliance changes from World ID after a biometric data investigation.
World’s seemingly playful jab at Spotify comes as the firm faces scrutiny.