Worldcoin, Sam Altman’s cryptocurrency venture, has fallen after surging dramatically in February.
The driving forces behind the rise were straightforward, primarily stemming from widespread excitement ignited by OpenAI’s latest creation, Sora. This AI application lets users create videos from text.
While Sora and Worldcoin operate independently, they share a common founder in Sam Altman. His reputation is amplifying investor interest in both projects, further fueling their potential growth.
The coin had a mixed March and, after jumping on Sora’s news, it dropped in line with all the crypto market. Now it’s in an uptrend but can it last?
Worldcoin’s Layer 2
But Sam Altman’s Worldcoin, a proof-of-humanity project, is now gearing up to use its own Layer 2 platform to help during user onboarding. The upcoming Layer 2, dubbed World Chain, will be bolstered by Ethereum’s security measures, as confirmed in a recent statement. Furthermore, verified human users will receive preferential treatment in terms of block allocation over bots, along with some complimentary gas, according to the same statement.
While the Worldcoin Foundation is officially spearheading the launch of this new Layer 2, it’s worth noting that Worldcoin has been predominantly developed and promoted by Tools for Humanity.
Neither Worldcoin nor OpenAI responded to a request for comment.
But what is Worldcoin ($WLD )? How does Worldcoin work? Let’s see what we can find out, and also take a look at some of the Worldcoin Price Predictions that were being made as of July 3, 2024.
Worldcoin Price Prediction
Let’s examine some of the Worldcoin price predictions CCN.com made on July 3, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
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