BitcoinWorld

Blockchain News

Worldcoin’s World ID Project Surpasses 2 Million Users

Worldcoin’s groundbreaking World ID project, aimed at revolutionizing global digital identification, has achieved remarkable success, with over two million users enrolling in the program. World ID is rapidly gaining traction during its beta testing phase by surpassing the first million mark in record time.

The primary objective of World ID is to provide users with a digital passport stored on their mobile devices, empowering them to verify their identity while preserving their privacy through zero-knowledge proofs.

To join the World ID program and acquire a digital passport, individuals must visit an “orb” where they scan one of their irises. This process generates a unique identifier called “IrisHash,” ensuring their distinctiveness. As a reward for successfully uploading their sensitive biometric data, users receive Worldcoin, the project’s native cryptocurrency.

Worldcoin attributes the surge in sign-ups to its recent successful multicity tour spanning Barcelona, Berlin, and Tokyo. During this tour, an average of 40,000 new verified World ID members were added to the platform weekly.

Anticipating increased demand, Worldcoin expects the availability of the five-pound, chrome eye-scanning devices known as “Orbs” to expand globally in the coming months.

Furthermore, Worldcoin emphasizes the growing adoption of the World ID protocol by various apps and services. Okta’s Auth0 and Talent Protocol have integrated World ID and Worldcoin into their onboarding procedures.

On May 8, Worldcoin unveiled the World App, a gas-free crypto wallet compatible with Android and iOS operating systems designed for verified individuals. Shortly after that, on May 25, the project secured a remarkable $115 million in a Series C funding round to support the widespread implementation of its World ID program.

With the significant number of users signing up for the program and integrating the World ID protocol into various platforms, Worldcoin is poised to expand its influence and establish itself as a leading player in the digital identification and cryptocurrency realm. The future looks promising for Worldcoin as it continues to revolutionize how individuals validate their identities and embrace the potential of decentralized digital systems.

 

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.