Worldcoin, an identity verification, and cryptocurrency project, announced a significant milestone, surpassing 2 million signups for its World ID program. Worldcoin attributes its global reach to the deployment of Orbs, its custom biometric imaging devices. These devices were introduced during the project’s global tour and have coincided with an average of over 40,000 weekly sign-ups for the verified World ID, which serves as the company’s digital identity passport.
In response to the rising demand, Worldcoin anticipates increasing the availability of Orbs over the next few months. The company also highlighted that other applications such as Okta’s Auth0 and Talent Protocol have started utilizing World ID and Worldcoin for their access procedures. Both integrations were completed during the week ending on July 7th. Worldcoin’s recent registrations align with its broader mission to make digital identity verification accessible on a global scale. The company cites reports indicating that over 4.4 billion people worldwide lack legal identification or possess IDs that cannot be digitally verified. Worldcoin believes that the World ID could serve as a solution to this significant barrier, particularly for accessing financial services.
While Worldcoin continues to experience impressive growth, it has also encountered backlash. Despite the project’s success and industry connections, including the involvement of Sam Altman, the CEO of OpenAI, Worldcoin has faced criticism from Bitcoin podcast host Peter McCormack and former Ethereum developer Hudson Jameson. These critics have raised concerns about the project’s goals and potential privacy implications.
Looking ahead, Worldcoin’s plans include the launch of its associated cryptocurrency, WLD. This digital currency aims to serve as a reward, payment for in-app features, and a means to influence governance. However, the launch of WLD is yet to take place.