The launch of Worldcoin led to enormous controversy and debate across the crypto community. But that hasn’t stopped the project from continuing to grow at a rapid pace.
What’s happening:
- Worldcoin, the crypto project co-founded by Sam Altman, has unveiled new technology integrations that support their World ID platform with Minecraft, Reddit, Telegram and Shopify
- The new integration aims to make it easy for other technology platforms to distinguish between human beings and digital bots
The big idea:
- Worldcoin has multiple types of verification processes to confirm that a user is a human being, ranging from anonymous verification all the way to scanning your iris to confirm your identity
- Once you have been verified through Worldcoin’s platform, you are then able to use World ID integrations on other platforms that support their technology
- The platforms using World ID will enable special access and permissions to users who have successfully confirmed their identity
By the numbers:
- Worldcoin now has 5 million users globally
- Currently, Worldcoin is growing by about 100,000 new users per week
Yes, but:
- Worldcoin has been banned in multiple countries due to regulators citing privacy violations and concerns over data
- There has also been consistent criticism around offering free Worldcoin tokens to incentivize users to sign up, especially in countries with high rates of poverty
