OpenAI Considers Using WorldCoin Technology… "Expects Accelerated Real-World Adoption"
The cryptocurrency Worldcoin (WLD) appears to be moving one step closer to real-world adoption. Following news that OpenAI, the parent company of ChatGPT, is considering leveraging Worldcoin's biometric authentication technology for its new business, the price of WLD surged 25% in a single day.
Expectations are spreading in the market. Indeed, on Wednesday, when these rumors began to spread, investors rushed to buy WLD, "betting on the rumor."
According to Forbes, OpenAI recently began developing a social network and is considering using Apple's Face ID or Worldcoin's iris scanning technology as a user authentication method. This is an attempt to address the "bot problem" prevalent across social media. This is key, and it could potentially lead to a real-world demand for technology that bridges Web2 and Web3.
Will it become a leader in the digital identity narrative?
This trend could propel Worldcoin to the forefront of the "digital identity" narrative. Worldcoin's WLD token is used to power its own layer-2 network, and if its use expands into the real world, demand for the token could grow along market logic.
Experts are also focusing on the medium-term technical patterns of Worldcoin's price. Worldcoin, which has been moving sideways within a descending channel for five months, recently attempted a rebound but failed to break through the resistance line. Technical analysis suggests that the key resistance level is $0.60 (approximately 860 won). A clear break above this level could open the door to a rally to $1.60 (approximately 2,296 won). This represents a roughly 240% increase.
If the collaboration with OpenAI bears fruit and Worldcoin technology is adopted in real-world applications, some cautiously predict a return to the previous support level of $5 (approximately 7,175 won) is possible. This suggests potential for a roughly tenfold increase from the current price.
Layer 2 competition intensifies in the Bitcoin ecosystem.
Meanwhile, Layer 2 scaling technology is gaining increasing attention within the Bitcoin ecosystem. A newly launched project, Bitcoin Hyper ($HYPER), is developing a Bitcoin-based Layer 2 network utilizing Solana technology. Its goal is to address Bitcoin's structural limitations, such as slow speeds and high fees.
The project has already raised $31 million (approximately 44.5 billion won) through pre-sales, and is considered to have significant growth potential even if it absorbs only a fraction of Bitcoin's massive transaction volume in the future.
While the cryptocurrency market remains mired in uncertainty, projects like Worldcoin that tap into real-world demand are gaining renewed attention. In particular, identity authentication technology combined with AI is likely to become one of the most important Web3 use cases of the future.
💡 “What if the intersection of digital identity and AI, the synergy between WorldCoin and OpenAI, becomes a reality?”
As the recent Worldcoin case demonstrates, the future of cryptocurrency hinges on its "real-world use cases." The technological intersection of generative AI, biometric authentication, and Web3 digital identity is no longer an abstract concept, but rather a "real-world need."
In this way, the narrative of the cryptocurrency market is evolving from a technology-centric to a massively structural one, making it increasingly important to understand "what structure is real" rather than "what to buy and sell."
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🔎 Market Interpretation
Reports that OpenAI is considering applying Worldcoin's biometric authentication technology to a new social networking platform have sparked interest in the potential for real-world use cases, leading to a surge in the WLD token price. With identity authentication emerging as a key Web3 infrastructure, the potential for real-world adoption has fueled market optimism.
💡 Strategy Points
- The WLD token will be important to see if it breaks through $0.60 after a short-term surge. If successful, there is room for it to rise to $1.60 based on technical analysis.
If rumors of collaboration with OpenAI prove true, the possibility of a return to the $5 support level in the medium to long term opens up.
- Attention is being paid to the expansion of Web3 use cases that combine AI and digital identity.
📘 Glossary
Identity Authentication: A technology that verifies whether a user is human or possesses a unique identifier. This is particularly important for distinguishing between bots and humans in Web3.
Layer 2: A secondary network structure designed to address blockchain scalability and speed issues, with the goal of reducing fees and improving processing speed.
Descending Channel: A technical pattern in which prices move within a downward trend, with the potential for a significant rebound upon breakout.
💡 Frequently Asked Questions (FAQ)
Q.
What changes will occur if OpenAI adopts WorldCoin technology?
If OpenAI actually implements Worldcoin's iris scanning technology, Worldcoin could become a key infrastructure for "digital identity authentication." This could expand the uses of the WLD token and significantly increase demand.
Q.
Why did the WLD token price surge?
This is because the possibility of collaboration with OpenAI was positively received by investors. With the practicality and demand for "human verification technology" growing, the potential of Worldcoin, which possesses such technology, was highlighted.
Q.
Why is WorldCoin so relevant to Web3?
Web3 requires identity verification technology to filter out bots and fraudulent users. Worldcoin's iris scan-based identity authentication makes this possible and could become a core infrastructure for the future Web3 ecosystem. If this technology is adopted in the real world, blockchain use could become even more active.
TP AI Precautions
This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
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