On July 13, identity verification and cryptocurrency project Worldcoin 2 million subscribers For the World ID program.
According to Worldcoin, the company’s global expansion was fueled by the introduction of Orbs, the company’s first custom biometric imaging device. The company deployed these devices as part of the project’s world tour, and since its inception has seen an average of over 40,000 sign-ups each week for a verified World ID (the company’s digital identity passport).
Worldcoin said it expects the availability of orbs to increase in the coming months to meet growing demand. He also pointed out that other apps such as Okta’s Auth0 and Talent Protocol have started using World ID and Worldcoin in their access procedures. Both mergers took place in the week ending July 7.
Worldcoin’s latest registration is part of a broader mission to make digital identity verification available worldwide. Worldwide, more than 4.4 billion people lack legal identity or have digitally unverifiable identities, according to a report cited by Worldcoin. The company said the problem would be a major barrier for people trying to access financial services, suggesting that World ID could solve this.
Worldcoin Is Growing But Faces A Rebound
Worldcoin previously surpassed 1 million registered users in January, so this increase means that the number of users has doubled in about half a year. Additionally, Worldcoin also launched a wallet app and announced a $115 million funding round in May, so this is not the only notable milestone for the project in recent months.
Worldcoin is primarily notable for the early involvement of Sam Altman, now CEO of OpenAI. The company created the popular ChatGPT app.
Despite Worldcoin’s success and industry ties, Worldcoin has also faced backlash. Bitcoin Podcast host Peter McCormack and former Ethereum developer Hudson Jameson have both criticized the project’s goals and privacy implications.
An important part of Worldcoin’s future plans includes the launch of related cryptocurrencies (WLDMore). This currency is intended to be used as a means of rewarding, paying for in-app features, and influencing governance, but is not yet operational.
An article about Worldcoin surpassing 2 million enrollments in the World ID program first appeared on CryptoSlate.
