Worldcoin’s Meteoric Rise: 140% Surge Fueled by 1 Million Daily App Engagements

Crypto News- In a recent announcement on Feb. 18, Worldcoin proudly revealed that its cryptocurrency wallet app, known as the “World App,” has surpassed the impressive milestone of one million users. This marks a significant leap from its modest 100,000 daily active users back in November 2023.

Launched in July 2023 by the visionary duo Sam Altman and Alex Blania, Worldcoin stands as a pioneering project in the realm of digital identity verification, emphasizing privacy preservation. Its unique approach involves compensating users with its native cryptocurrency for the simple act of iris scanning.

Worldcoin’s Meteoric Rise: 140% Surge Fueled by 1 Million Daily App Engagements

At the core of Worldcoin’s mission lies the ambitious goal of implementing a global Universal Basic Income system, wherein individuals worldwide receive a nominal amount of the WLD token in exchange for verifying their identities.

However, the project’s innovative aspirations haven’t been without their fair share of controversy, particularly surrounding privacy concerns regarding its “Orbs” metallic eye-scanning devices.

The situation escalated further when Hong Kong’s Privacy Commissioner launched an investigation into Worldcoin’s operations, citing significant risks to personal data privacy. This scrutiny has extended to various jurisdictions, leading to service suspensions in Kenya and the temporary halt of iris scans in India.

Despite these regulatory hurdles, the native WLD token has witnessed an astounding 141% surge in value over the past week, riding the wave of a broader crypto market rally.

Meanwhile, OpenAI, co-founded by Sam Altman, has been making waves of its own. Just recently, the organization unveiled Sora, a groundbreaking text-to-video generator, enabling users to transform textual prompts into captivating video clips.

And in a move that turned heads across the tech industry, Altman announced plans to raise a staggering $7 trillion to fuel OpenAI’s semiconductor chip development efforts. Despite the eyebrow-raising figure, Altman remains undeterred in his pursuit of pushing technological boundaries.