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WorldCoin (WLD) rose more than 16% directly after a Forbes report said that OpenAI has developed a social network that aims to tackle the growing problem of bots on the Internet using “identity proof”.
explain Report The project is still in its early stages and includes a team of less than 10 people. Some sources said OpenAI is evaluating biometric verification methods, including Apple’s Face ID and WorldCoin’s iris scanning technology.
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OpenAI’s social report ignites market engagement
WLD rose to about $0.53 in the hours of the story’s publication, making it one of its strongest one-day moves in recent months.
Trading volume also saw a significant spike as investors reacted to the prospect of proving the core identity thesis of the WorldCoin project.
World Network, formerly known as Queen of the worldto prove that the user is a real and unique human being without relying on traditional identity documents.
His system uses a device known as Orb to remove A person’s iris and create a proof of encryption called World ID.
The project emphasizes that it does not store raw biometric images, but converts them into … Identifiers preserve privacy Used to prevent duplicate identities.
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The idea behind this approach is: Proof of identity.
Unlike KYC, proof of identity does not aim to identify a person, but seeks to ensure that Each account belongs to only one real human being.
This is becoming increasingly relevant with the influx of AI bots on communication platforms, governance systems and token distribution mechanisms.
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The bot problem is forcing platforms to rethink identity
In the past year, the World Wide Web has expanded its infrastructure and pushed for wider adoption of the world identity. At the same time, it faced regulatory scrutiny in several regions over the collection of biometric data.
These pressures have slowed implementations in some markets, but have also sparked debate about digital identity and data privacy.
The OpenAI report was released at a time when major platforms are openly struggling with bots.
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Earlier this month, X updated its API and algorithm rules to ban so-called InfoFi cryptocurrency projects that financially reward posting and interaction.
X claimed that these incentives promote bot activity and low-quality content, which have increased the problem of spamming on the platform.
Together, these developments highlight a broader shift as platforms move away from interactive moderation toward stronger controls over identity and engagement.
Identity proof has emerged as one of the few proposed solutions that does not rely on full identity disclosure.
Although OpenAI hasn’t announced a product or a timeline, the market reaction shows how sensitive cryptocurrency investors are to signals that big tech companies are taking decentralized identity and human verification seriously.
