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Sam Altman’s Worldcoin WLD $0.50 24h volatility: 8.9% Sam Altman’s Worldcoin WLD $0.50 24h volatility: 8.9%

Worldcoin (WLD) Gains 40% After OpenAI Announces Social Media Platform Rivaling Elon Musk’s X

Author: Coinstats

Source: Coinstats

2026/01/29 17:05

2 min read

News Brief

Sam Altman's Worldcoin project captured widespread attention once more after his AI venture OpenAI announced intentions to launch a fresh social media platform challenging Elon Musk's X. Following this revelation, Worldcoin's value surged an impressive 40.00%, attracting considerable trader enthusiasm. Throughout the past day, Worldcoin rose from $0.45 to $0.65 before stabilizing near $0.52, with its market capitalization reaching $1.44 billion. Daily trading volume skyrocketed 820.00% to $681.00 million—demonstrating remarkably active participation—while WLD futures open interest expanded 75.00% to $192.00 million according to Coinglass data.The price surge occurred on January 29th when reports emerged that OpenAI is developing a "humans-only" platform utilizing a "proof of personhood" system to distinguish itself from competing social networks. Forbes sources indicated a compact 10-person team is crafting an app featuring biometric identity verification that could integrate with Apple's Face ID or Worldcoin's Orb scanner—Altman's well-known iris-scanning identification project. This verification method ensures each account represents a genuine individual, unlike Facebook, LinkedIn, and X, which primarily depend on phone numbers, email validation, and behavioral patterns without employing biometric information. Moreover, back in September 2025, OpenAI secured a $300.00 billion computing agreement with Oracle that temporarily boosted Worldcoin's price, and BitMine invested $250.00 million into WLD treasury reserves, analysts believe, highlighting the World ecosystem's zero-knowledge proof technology as valuable for establishing trust and verification on emerging platforms.

Sam Altman’s Worldcoin WLD $0.50 24h volatility: 8.9% Market cap: $1.40 B Vol. 24h: $682.37 M project is back in the spotlight as his AI company, OpenAI, unveils a new social media platform aimed at competing with Elon Musk’s X.

Following the announcement, Worldcoin’s price increased by 40%, attracting significant attention from traders.

Worldcoin (WLD) Gains 40% After OpenAI Announces Social Media Platform Rivaling Elon Musk’s X

In the past 24 hours, Worldcoin rose from $0.45 to $0.65 before retracing to around $0.52. Its market capitalization currently stands at $1.44 billion.

Daily trading volume increased 820% to $681 million, indicating high activity among traders. WLD futures open interest also rose 75% to $192 million, according to Coinglass data.

Worldcoin rose on Jan. 29 after reports indicated that OpenAI is developing a new social media platform featuring a “proof of personhood” system.

In an interview with Forbes, sources familiar with the matter said OpenAI is exploring the development of a “humans-only” platform, which would allow it to differentiate itself from existing social media services.

Competing With Facebook, LinkedIn, and X

Sources told Forbes that a small team of just 10 people is developing an app with a biometric identity verification feature.

They said any form of “proof of personhood” could be confirmed using Apple’s Face ID or the Worldcoin Orb scanner.

Worldcoin is a popular iris scanning identification project built by OpenAI’s Sam Altman.

The biometric verification system is intended to make sure that every account on OpenAI’s proposed social network corresponds to a real person.

On the other hand, platforms like Facebook, LinkedIn, and X have relied mainly on phone numbers, email verification, and behavioral or network-based signals to establish user authenticity.

None of these platforms currently use biometric verification.

In September 2025, OpenAI signed a $300 billion computing infrastructure agreement with Oracle, which briefly boosted Worldcoin’s price.

Separately, BitMine invested $250 million into WLD treasury reserves, citing the World ecosystem’s zero-knowledge proof technology as a tool for trust and verification in future platforms.

The post Worldcoin (WLD) Gains 40% After OpenAI Announces Social Media Platform Rivaling Elon Musk’s X appeared first on Coinspeaker.

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