Sam Altman: I am feeling good about a bright future for cryptocurrency

Sam Altman, the CEO of OpenAI, expressed his enthusiasm about crypto’s future. He also disclosed his pride in the Worldcoin team, especially co-founder Alex Blania. Altman praised Blania for combining vision with execution ability in leadership.

His comments reflect his growing confidence in crypto’s future. Altman added that digital currencies have the potential to shape the financial landscape. Altman recognized crypto’s significant strides and the opportunities that lie ahead. 

Altman sees a bright future for crypto as Worldcoin (WLD) soars

more generally, i am feeling good about a bright future for cryptocurrency!

— Sam Altman (@sama) November 11, 2024

The “World boss” highlighted Worldcoin’s progress over the past 12 months. He also expressed his optimism about crypto’s future, indicating a positive outlook for the evolving crypto industry. 

Altman’s brainchild, the Worldcoin (WLD) crypto project, performed well this year. Coingecko data revealed that the WLD token price, at $2.4, had gained 30% over the past year, 23% in the last 30 days, and 13% in the past 24 hours. WLD has a maximum supply of 10 billion tokens and a circulating supply of 634.9 million. WLD also had a 24-hour trading volume of over $2 billion (+83.3%) with a market cap of $1.5 billion, as per Coingecko’s data. 

While WLD is down 78.74% from its all-time high of $11.74 in March this year, the significant rise in 24-hour trading volume indicates increased market activity.

WLD’s 46% price increase in the last 7 days outperformed the global crypto market and Andreessen Horowitz’s (a16z) portfolio cryptocurrencies, which are up 27.3% and 38.6%, respectively. SosoValue’s data also reveals that WLD’s one-month ROI is +17.24% and a one-year ROI of +5.46%. 

The most popular exchange to buy or trade WLD right now is Bithumb, where the most active trading pair, WLD/KRW, has a 24-hour trading volume of $341.53 million.

World’s global ID verification expands as users surge

According to the World Foundation (WF), the World ID project expanded its identity verification services to over 40 countries. The international rollout included recent launches in Costa Rica, Austria, and Poland. World focused on creating a secure and decentralized ID system using biometric verification. The World Foundation stated that Worldcoin’s global reach steadily rose despite regulatory hurdles concerning its iris-scanning orbs. The expansion has boosted interest in its native token, WLD, added the WF. 

The World Foundation also disclosed that the World Project’s expansion had made huge strides in Latin America. It has new establishments in Guatemala, Colombia, and Ecuador. The World Foundation explained that it aims to address digital fraud issues by securing identity verification.

However, regulatory scrutiny has remained an ongoing issue, as seen in South Korea, Germany, and Spain, as acknowledged by the WF. 

Altman, the co-founder of the World project, confirmed that over 16 million have been verified through World ID. The world chain already has 15.4 million real users and about 7.2 million Orb-verified individuals.