BREAKING: ChatGPT Developer OpenAI Issues Statement, This Altcoin’s Price Surges

According to breaking news, OpenAI is developing a social media platform and evaluating eye scanning or Face ID options for user authentication; this could utilize World’s ($WLD) Orb technology or Apple’s Face ID technology.

The price of the related altcoin $WLD jumped following the development, according to the company’s CEO, Sam Altman.

The graph shows the increase in $WLD price.

The social network, described as still in its very early stages, is being developed by a team of fewer than 10 people and is designed as a platform based on the principle of “only real people.” This approach is seen as a significant distinguishing feature for OpenAI, which has reached large audiences with products like ChatGPT and Sora. However, it is also added that if the project comes to fruition, X will have to compete with strong rivals such as Instagram and TikTok.

According to sources who spoke to Forbes, the team is evaluating solutions that will allow users to join the platform with biometric authentication. Apple’s Face ID system and the World Orb device developed by Tools for Humanity are among the options being considered. The World project, which creates a personalized and verifiable identity through iris scanning, is being run by Tools for Humanity, founded and chaired by OpenAI CEO Sam Altman.

Biometric authentication aims to ensure that a real person is behind every account on the platform. While platforms like Facebook and LinkedIn currently verify identity using phone numbers, email addresses, or behavioral cues, biometric authentication is not yet widely used. On the other hand, privacy advocates point out the risks of misuse of immutable biometric data such as iris scans.

*This is not investment advice.

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