One of the most controversial projects in crypto continues to grow at a staggering pace.
What’s happening:
- Worldcoin has continued to show impressive growth, reaching 1 million daily active users on their crypto wallet known as World App
Going deeper:
- Worldcoin has recently rolled out new integrations of their technology with technology companies such as Shopify, Minecraft and Reddit
- Despite concerns around privacy and data collection, Worldcoin has been able to continue to launch into new countries and has grown their network of Orbs into new regions including Singapore
By the numbers:
- In the last 3 months, Worldcoin has seen their number of active daily users grow from 100,000 to over 1M
- More than 3.4M people have signed up for Worldcoin globally
- Worldcoin’s Orb technology is active in 36 countries now globally
- Over 27M individual transactions have been successfully completed by World App users
Market reaction:
- Worldcoin’s token is up approximately +197% over the last month
The fine print:
- Worldcoin is one of the most controversial projects in crypto, with many governments globally taking issue with their eye scanning technology due to privacy concerns
- Multiple countries have launched formal investigations into Worldcoin to better understand where their citizens biometric data is going and how it is being stored
