World App Surpasses 1 Million Monthly Active Users
The crypto wallet, World App, launched by Sam Altman’s Worldcoin project, has achieved a significant milestone with over 1 million monthly active users. This places World App among the most popular crypto wallets in the industry. Additionally, it boasts more than 500,000 weekly active users and over 100,000 daily active users. According to data released by Tools for Humanity, World App has surpassed four million total downloads, ranking it as the sixth most popular crypto hot wallet for self-custody.
Growing Scrutiny from Governments
While celebrating these achievements, Worldcoin is also facing increased scrutiny from governments worldwide. The U.K., France, Germany, Argentina, and Kenya have all expressed concerns about Worldcoin’s data collection practices through its “orbs” devices. These devices allow users to scan their eyeballs for verification and obtain a World ID. In response, Worldcoin has stated its commitment to cooperating with regulatory authorities and ensuring the secure storage or deletion of biometric data.
World App Features and Future Plans
World App begins with the World ID feature, which allows users to prove their uniqueness without sharing personal data like names or emails. Users can then utilize the app to save and send Circle’s USDC stablecoin and trade cryptocurrencies using the Uniswap decentralized exchange protocol. The app is designed for simplicity and inclusivity, supporting multiple languages and most active smartphones. Furthermore, Worldcoin plans to expand its support for local languages and currencies in the near future.
Hot Take: Excitement Surrounding World App Continues
Tiago Sada, the head of product at Tools for Humanity, expressed his excitement about the rapid growth of World App since its launch less than six months ago. He highlighted the team’s dedication to meeting the current demand and acknowledged that this is only the beginning, as the need for digital identity and finance becomes increasingly important.
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