According to the latest news, OpenAI is developing a social media platform and evaluating eye scanning or Face ID options for user authentication; this could use World’s ($WLD) Orb technology or Apple’s Face ID technology.
The price of the related altcoin $WLD took off after its development, according to company CEO Sam Altman.
The graph shows the increase $WLD price.
The social network, described as still in its early stages, is being developed by a team of fewer than ten people and is designed as a platform based on the principle of ‘real people only’. This approach is seen as a key differentiator for OpenAI, which has reached a large audience with products like ChatGPT and Sora. However, it also adds that if the project becomes a reality, 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 would 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 led by Tools for Humanity, founded and chaired by Sam Altman, CEO of OpenAI.
Biometric authentication aims to ensure that there is a real person behind every account on the platform. While platforms like Facebook and LinkedIn currently verify identity using phone numbers, email addresses or behavioral markers, biometric authentication is not yet widely used. On the other hand, privacy advocates point to the risks of misuse of immutable biometric data such as iris scans.
*This is not investment advice.