Worldcoin Token Sees Massive Growth as User Count Reaches One Million
The Worldcoin token, co-founded by OpenAI CEO Sam Altman, has experienced a significant increase of over 186% in the past week, aligning with the project’s daily user count exceeding a million.
Despite rising controversial views on its methods and regulatory issues, the project has had major growth recently and has attracted a lot of users.
World App Surpasses One Million Users
On February 18, Worldcoin announced that its cryptocurrency wallet application, known as “World App,” has reached a milestone by attracting more than a million users. This is a significant jump from just 100,000 daily active users in November last year.
World App, the first wallet built for the Worldcoin project, passed 1M daily users this week. This community is incredible introduced Sora, a text-to-video generator that allows users to create video clips and scenes using text prompts, a major advancement in AI-generated content.
A week before the Sora announcement, on February 9, Altman announced his plans to raise $7 trillion. The funds are intended to support and escalate the company’s efforts in semiconductor chip development, a critical area for advancing AI technologies.
Controversy Surrounds Worldcoin
Launched in July 2023 by OpenAI CEO Sam Altman and Alex Blania, Worldcoin is a “privacy-preserving” digital identity verification project. The unique approach involves compensating users with its native cryptocurrency in exchange for scanning their irises.
The project aims to introduce worldwide Universal Basic Income (UBI) by distributing a modest amount of its native WLD token to everyone in exchange for identity verification. However, Worldcoin’s methodology, particularly its use of biometric identity verification through metallic eye-scanning devices known as “Orbs,” has sparked considerable debate and concern.
Worldcoin’s operations have drawn attention from regulators in various jurisdictions. The project’s services were suspended in Kenya, and iris scans were paused in India due to privacy concerns. Additionally, the Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong initiated an investigation into Worldcoin’s local operations, citing “serious risks to personal data privacy.”
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