Worldcoin Achieves 2 Million Signups for World ID Program
Worldcoin, an identity verification and crypto project, has reached a significant milestone with 2 million signups for its World ID program. This achievement is credited to the deployment of custom biometric imaging devices called Orbs, which were introduced during the project’s global tour. The devices have gained over 40,000 weekly signups for a verified World ID, making it the company’s digital identity passport.
Key Points:
– Worldcoin’s World ID program has reached 2 million signups.
– The success is attributed to the deployment of Orbs, custom biometric imaging devices.
– Other apps, like Okta’s Auth0 and Talent Protocol, have integrated World ID and Worldcoin into their access procedures.
– Worldcoin aims to make digital identity verification accessible globally.
– Over 4.4 billion people worldwide lack legal identity or have unverifiable IDs.
Worldcoin’s Rapid Expansion and Backlash
Worldcoin’s user base has doubled within approximately six months, with 1 million signups achieved in January. The company has also made significant strides with the launch of its wallet app and a successful $115 million funding round. The involvement of Sam Altman, CEO of OpenAI, in the project adds credibility.
However, Worldcoin hasn’t been without criticism. Bitcoin podcast host Peter McCormack and former Ethereum developer Hudson Jameson have expressed concerns about the project’s goals and potential privacy implications.
The Plans for Worldcoin’s Associated Cryptocurrency
Worldcoin plans to launch its associated cryptocurrency, WLD, which will serve as a reward, payment for in-app features, and a means to influence governance. However, the cryptocurrency has not been launched at this time.
Hot Take:
Worldcoin’s achievement of 2 million signups for its World ID program is a significant milestone. It highlights the growing demand for digital identity verification and the potential for blockchain technology to address this global issue. However, the project’s rapid expansion and associated cryptocurrency have faced criticism, raising valid concerns about privacy and scalability. Worldcoin must navigate these challenges and prioritize transparency to ensure the successful and ethical implementation of its vision.