WorldCoin grows 140% in a week as the wallet app hits 1M daily users
Worldcoin (WLD) token — the crypto project co-founded by OpenAI CEO Sam Altman surged more than 140% last week, as its daily users hit the 1 million mark.
In the year In a Feb. 18 post to X, WorldCoin announced that the crypto wallet app, dubbed “The App of the World,” has grown to over 1 million users.
The World app, the first wallet developed for the Worldcoin project, passed 1m daily users this week. This community is incredible pic.twitter.com/Mf6Y51gscQ
— Worldcoin (@worldcoin) February 17, 2024
In the year Worldcoin, launched in July 2023 by OpenAI CEO Sam Altman and Alex Blania, is a self-described “privacy-preserving” digital identity verification project that pays users in its native cryptocurrency for scanning their irises.
WorldCoin's self-declared goal is to try to introduce a global universal basic income, giving everyone on the planet their own WLD token in exchange for verifying their identity.
But WorldCoin's goal of introducing Universal Basic Income (UBI) alongside its biometric identity system has invited its fair share of controversy, mostly centered around privacy concerns over metallic eye-scanning devices dubbed “Orbs.”
On January 31, Hong Kong's Office of the Personal Data Privacy Commissioner (PCPD) launched an investigation into Worldcoin's local operations, citing “serious risks to personal data privacy.” The PCPD said it executed warrants and entered six premises controlled by WorldCoin in Hong Kong.
Outside of Hong Kong, the project has drawn the attention of several buyers' regulators over privacy concerns, seeing the service completely shut down in Kenya and iris scanning stopped in India.
Regardless of these regulatory concerns, the global native token posted gains of over 141% in the past week, bought by a broader rally across the crypto sector.
Related: Worldcoin Launches in Singapore Following India Pause
Meanwhile, Worldcoin's results for the week came with several major updates from OpenAI.
In the year On February 16, OpenAI introduced its new text-to-video generator, Sora, which allows users to generate video clips and scenes from text prompts.
A week earlier, on February 9, Altman announced that he was looking to raise an astounding $7 trillion to help fund the company and boost its semiconductor chip development. While the huge dollar figure has raised eyebrows throughout the tech world, Altman doesn't seem too phased.
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