The Controversial Worldcoin Project Sees a Surge in Value as User Count Reaches 1 Million
The biometric crypto project Worldcoin (WLD) has experienced a significant increase in value, rising by almost 185% and reaching a new all-time high. The native asset of the project, WLD, is currently trading at $7.40, up from $2.60 just one week ago. Worldcoin also set a new all-time high of $7.95 on Monday morning before retracing slightly. Despite the dip, WLD is still up nearly 22% in the past 24 hours.
World App Surpasses 1 Million Daily Users
Worldcoin recently announced that its first wallet built for the project, World App, surpassed one million daily users in the past week. This milestone demonstrates the growing popularity and adoption of the project. World App is an essential component for using Worldcoin’s Orb, a helmet-shaped device that scans users’ eyes to verify their identity.
Privacy Concerns Surrounding Worldcoin
While Worldcoin’s innovative technology has garnered attention, it has also raised privacy concerns globally. To use Worldcoin’s Orb, traders must download the Worldcoin app and obtain a compatible crypto wallet. They then visit an Orb to receive their identification or World ID. The project’s approach to biometric identification has sparked debates about privacy and data security.
Alameda Research Holds $171 Million Worth of WLD
Alameda Research, the former trading arm of FTX, holds 25 million WLD, which is currently valued at $171 million. Alameda received the WLD from the Worldcoin Mint in August. This significant investment further highlights the potential of the Worldcoin project and its appeal to major players in the crypto industry.
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