The Worldcoin (WLD) team announced a potential partnership with OpenAI and ongoing conversations with PayPal (NYSE: PYPL). Sam Altman is the founder and brains behind Tools for Humanity and ChatGPT‘s OpenAI.
Tools for Humanity, the company behind Worldcoin, has hinted at potential collaborations with major tech and finance companies. Bloomberg reported the potential partnership on April 25.
On that note, CEO Alex Blania mentioned the possibility of working with OpenAI, although no official announcement has been made yet. Additionally, Blania confirmed that the company has had discussions with PayPal, but no concrete developments have emerged.
WLD/USD daily price chart. Source: TradingView/Finbold
Orbs controversy
However, the Orbs used for scanning have faced bans in several European countries due to data harvesting concerns. Currently, Germany is the only market where Worldcoin can collect biometric data. Some critics have also pointed out that Altman, the cofounder and chairman of Tools for Humanity, is offering a solution to problems exacerbated by another of his companies, OpenAI.
Despite these challenges, the Worldcoin Foundation has announced World Chain, a permissionless, open-source layer 2 blockchain set to launch in mid-2024. This blockchain will be closely integrated with the Worldcoin protocol and will prioritize users with a World ID. The move is aimed at expanding the adoption of Worldcoin, although the market cap of its tokens has nearly halved over the past month.
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