OpenAI Explores Biometric Social Network, WLD Token Surges 7.61%
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Token Surge: Following reports of OpenAI developing a biometric social network, World Network's WLD token jumped 7.61% to $0.5291, reflecting strong market interest and confidence in the project.
- Trading Volume Spike: The token's 24-hour trading volume soared by 763% to $645.76 million, indicating rapid investor response to the potential demand for biometric identity verification in the cryptocurrency space.
- Regulatory Challenges: Despite claims of validating millions globally, World Network faces scrutiny with a temporary ban in Kenya and questions regarding personal data processing in the UK, which could hinder its long-term growth prospects.
- Future of Biometric Technology: OpenAI's biometric social network aims to eliminate bot activity through true biometric verification, although privacy advocates express concerns over the security of such identity verification systems, highlighting the tension between technology and privacy.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
