Worldcoin market cap breaks $1.1 billion, executives hint at upcoming "major announcement"

Benefiting from the release of the AI model Sora, the project Worldcoin WLD founded by Sam Altman continues to soar, with a market value exceeding $1.1 billion and the price hitting a record high, with a 7-day increase of 165%. According to a report from The Block, senior executives hinted at upcoming "major announcements."

WLD Market Cap Reaches $1.1 Billion

Worldcoin, a project in the cryptocurrency industry by OpenAI CEO Sam Altman, touts itself as providing identity verification through iris recognition technology, offering people the opportunity to receive token rewards in Worldcoin (WLD) for free.

Although the two projects are not directly related, due to OpenAI not being tradable in the public market, some investors may view WLD as an alternative. Especially after the leading AI company Nvidia released impressive financial reports, the market's outlook on the future of AI has become more optimistic.

"Major Announcement" to be Released Soon

According to The Block's report, Tiago Sada, the product, engineering, and design lead for the Worldcoin project, although tight-lipped about the project's status, did hint at an upcoming major announcement.

We are very excited about several other major announcements that are about to be made, but I have to keep everyone in suspense for now.

In addition to the upcoming announcements, Worldcoin has recently successfully increased its total registered users to over 3.5 million. Earlier this year, the project had approximately 2.5 million registered users.