Worldcoin Launches in Singapore
“Individuals in Singapore can now verify their unique humanness at an Orb in the latest sign of growing global interest in proof of personhood and the Worldcoin project,” announced Worldcoin, the crypto project co-created by OpenAI CEO Sam Altman. This development marks the launch of Worldcoin in an important economic hub like Singapore.
Scaling Back Initiatives
While the focus is on the positive launch in Singapore, it’s worth noting that Worldcoin recently paused its operations in India and ended registration services in Brazil and France. The initiatives in Brazil and France were limited previews, with plans to expand further in 2024. In India, “Orb-verified proof of personhood services have been temporarily scaled back as the protocol works to develop and roll out a bespoke process that meets demand,” said the Worldcoin Foundation.
The Worldcoin Project
The Worldcoin project is an identity-focused initiative that uses Orb devices to scan people’s irises for verification. Participants are rewarded with WLD tokens for signing up to the protocol. Although WLD’s price initially declined after launch, it has since rebounded and is currently trading at $3.70.
Forging Alliances in Singapore
In addition to launching in Singapore, Tools for Humanity (TFH), the lead developer behind Worldcoin, has become a member of two prestigious startup and tech associations: ACCESS and the Singapore Fintech Association (SFA). This move follows a recent multi-city tour in Asia by TFH’s product development team.
There are currently five locations in Singapore where individuals can undergo verification using Worldcoin’s Orb devices.
Hot Take: Expanding Global Presence
Worldcoin’s launch in Singapore is a significant step in expanding its global presence and attracting more users to its proof of personhood protocol. By partnering with respected associations and establishing verification centers, Worldcoin aims to gain credibility and trust in the crypto community. While there have been setbacks in other countries, the project remains committed to developing a safe and orderly process that meets demand. With the rebound of WLD’s price, Worldcoin continues to navigate the challenges and opportunities of the evolving crypto landscape.
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