Tag: world app

Worldcoin (WLD) World App Reaches 10 Million Users

Worldcoin’s World App has achieved a major milestone, surpassing 10 million users since its launch in June 2023. The app, which aims to create a universal basic income, has gained significant traction and popularity among users worldwide.

World App: A Gateway to Universal Basic Income

The World App, developed by Worldcoin, offers users the ability to register their identity through eye-scanning technology known as “Orbs”. This innovative approach to identity verification has attracted millions of users who are interested in participating in the Worldcoin ecosystem and potentially benefiting from a universal basic income.

Rapid Adoption and User Engagement

Since its introduction, the World App has experienced rapid adoption, with an average of 2 million daily users and over 5 million monthly users. This level of engagement highlights the growing interest in cryptocurrencies and the potential for blockchain technology to revolutionize financial systems.

The success of the World App can be attributed to its user-friendly interface, accessibility, and the promise of a universal basic income. By providing a simple and intuitive platform, Worldcoin has made it easier for individuals from various backgrounds and countries to participate in the crypto economy.

Sparking Interest in Alternative Wallets

The viral story of a Kenyan user who used Worldcoin funds to purchase goats has captured the attention of the crypto community and highlighted the real-world impact of cryptocurrency. This heartwarming story has not only showcased the potential of Worldcoin but has also sparked interest in alternative wallets within the Worldcoin ecosystem.

Remco Bloemen, head of blockchain at the Worldcoin Foundation, expressed hope that the success of the World App would encourage other contributors to develop additional wallets for the protocol. By offering a variety of wallet options, Worldcoin aims to cater to the diverse needs and preferences of its user base, further promoting decentralization and accessibility.

Conclusion

Worldcoin’s World App has achieved a significant milestone, surpassing 10 million users since its launch in June 2023. The app’s user-friendly interface, eye-scanning technology, and the promise of a universal basic income have contributed to its rapid adoption and engagement. The success of the World App has also sparked interest in alternative wallets within the Worldcoin ecosystem, further driving the adoption and innovation of this cryptocurrency project.

Image source: Shutterstock

Worldcoin Project Launches: Aiming to Democratize Economic Opportunity in the Age of AI

The Worldcoin Foundation, co-founded by Sam Altman, Alex Blania, and Max Novendstern, announced the completion of the Worldcoin project’s protocol migration to the OP Mainnet on July 24, 2023.

Sam Altman, renowned as the CEO of OpenAI and creator of ChatGPT, is one of the key figures behind this initiative. The project aims to increase economic opportunity and enable global democratic processes in the Age of AI, and has also revealed plans to expand Orb sign-ups for World ID to over 35 cities across 20 countries globally.

The Worldcoin project has released the World ID SDK and minted the Worldcoin token (WLD), which is now transactable on the blockchain. The token was distributed to the millions of eligible people who participated in the beta testing phase.

In addition, Tools for Humanity (TFH), a tech company building on the Worldcoin network, has introduced a new release of World App. This app is the first protocol-compatible wallet that currently allows individuals to reserve their share of the WLD digital currency, where laws permit.

Worldcoin project co-founder and TFH CEO, Alex Blania, emphasized the importance of proof of personhood in the age of AI. He stated, “Through its unique technology, Worldcoin aims to provide anyone in the world, regardless of background, geography or income, access to the growing digital and global economy in a privacy preserving and decentralized way.”

The Worldcoin project was conceived to address the issue of 4.4 billion people worldwide lacking a legal, digitally-verifiable identity. This lack of identity limits their participation in the global economy and access to critical services like government aid, financial services, and healthcare.

The Worldcoin protocol includes World ID, a privacy-preserving digital identity; the Worldcoin token (WLD), the first digital currency to be freely distributed to people just for being a unique human; and World App, the first World ID-compatible app that enables payment, purchases, and transfers globally using digital assets and fiat-backed stablecoins.

The Worldcoin Foundation aims to realize more inclusive, fair, and just institutions of governance and of the global digital economy. The Worldcoin protocol, World ID, WLD tokens, and the World App are now globally available where laws allow. Orb-verified World ID services are expected to roll out to more than 35 cities in the coming months.

However, potential users should be aware that crypto products can be highly risky and their regulatory treatment is unsettled in many jurisdictions. The technologies comprising Worldcoin, including the WLD token, are experimental in nature. There is no guarantee that the network will operate as planned. 

Exit mobile version