Worldcoin experienced a 20% price correction, dropping from a recent high near $8 to as low as $6.26, according to Crypto.com. This correction mirrors broader market trends affecting top artificial intelligence (AI) tokens, with a 4.73% decrease in the market cap of leading AI tokens over the past 24 hours, totaling a market cap of $33 billion.
Among the top six AI cryptocurrencies listed, five tokens saw declines ranging from 6% to 7%, including Internet Computer (ICP), NEAR Protocol (NEAR), Injective (INJ), The Graph (GRT), and Theta Network (THETA).
Source: Crypto.com
Worldcoin, initially a digital identity project co-founded by Sam Altman, Max Novendstern, and Alex Blania, utilizes blockchain technology for secure identity verification. The project rewards users with WLD tokens for participating in iris scans. On February 20, Worldcoin celebrated reaching 3.5 million verified users.
3.5 million unique humans strong.
— Worldcoin (@worldcoin) February 20, 2024
Worldcoin recently surged by 170% within a week, driven by the introduction of OpenAI’s video creation model, Sora. The unveiling of Sora, a text-to-video model, allowed detailed video creation up to 60 seconds long. The increased user engagement, with over one million daily active users on the World App, coincided with the broader attention on OpenAI’s innovations and AI technologies.
The surge in Worldcoin’s value and market cap followed OpenAI’s announcement of Sora on February 15. OpenAI plans to initially grant access to Sora to a limited number of creators, showcasing its advanced video-generating capabilities.
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