Worlcoin (CRYPTO: WLD) topped the cryptocurrency market gainers list Wednesday on developments surrounding the project's founder, Sam Altman.

What happened:  WLD, the native currency of the decentralized identity verification project was up more than 10% as of this writing, with the cryptocurrency's trading volume surging 83% in the last 24 hours. 

The upswing came after news surrounding ChatGPT-maker OpenAI’s transition from a non-profit to a for-profit model became public. The company’s CEO Altman was set to receive equity, according to a report.

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Why It Matters: Sam Altman launched the Worldcoin project last year amid significant media attention.

The project collects people's irises to authenticate their humanness and creates a digital ID, thereby making them eligible to receive free WLD tokens.

Government scrutiny has severely restricted WLD's growth, with the coin falling 43% since the year began.

Price Action: At the time of writing, WLD was exchanging hands at $2.07, up 10.62% in the last 24 hours, according to data from Benzinga Pro. 

Photo via Shutterstock

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