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Worldcoin ($WLD), the cryptocurrency project co-founded by OpenAI CEO Sam Altman, has surged over 140% in the past week, coinciding with its wallet user base surpassing 1 million daily users.
World App, the first wallet built for the Worldcoin project, passed 1M daily users this week. This community is incredible 🫡 pic.twitter.com/Mf6Y51gscQ
— Worldcoin (@worldcoin) February 17, 2024
Sam Altman’s Worldcoin Wallet App Hit 1M Daily Users as $WLD Rallies
Worldcoin ($WLD), the cryptocurrency project co-founded by OpenAI CEO Sam Altman, has surged over 140% in the past week, coinciding with its user base surpassing 1 million daily users.
However, the project’s controversial methods and regulatory hurdles cast a shadow on its success.
Worldcoin launched in 2023, offering “privacy-preserving” digital identity verification through iris scanning.
See Also: Hong Kong Launches Investigation Into Worldcoin, Citing Data Privacy Concerns
Users receive $WLD tokens in exchange for verification, with the project aiming to eventually enable a global Universal Basic Income (UBI) system.
While its user base has exploded, reaching 1 million in February, privacy concerns regarding its iris-scanning technology have sparked controversies.
Hong Kong launched an investigation, citing “serious risks,” while Kenya banned its services and India paused iris scans.
Despite regulatory pressure, the $WLD token has seen significant gains, potentially fueled by a broader crypto market rally and recent developments from OpenAI, Altman’s other venture.
OpenAI unveiled its text-to-video generator, Sora, and Altman announced plans to raise a staggering $7 trillion for chip development.
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