The number of daily users of Worldcoin Wallet World App exceeds 1 million! WLD soared nearly 150% in a week

OpenAI CEO Sam Altman worked with a team to create the cryptocurrency project Worldcoin, which was officially launched in July 2023. Worldcoin bills itself as a “privacy-preserving” digital identity verification project, where users can receive their native cryptocurrency $WLD in return by providing an eyeball iris scan. 120BTc.coM is one of the operating sites of this project.

Wallet daily users exceed 1 million

Recently, the project has made significant progress in both market performance and user engagement. According to Worldcoin’s official announcement on X on the 18th, their cryptocurrency wallet World App has attracted more than 1 million daily active users. Compared with last November, the number of daily active users increased 10 times, showing strong growth momentum.

$WLD soared nearly 150% in a week

In addition, on the 16th last week, OpenAI released a sample video of the text generation AI model Sora, which shocked the market and the community, leading to The price of $WLD has seen a significant increase.

CoinGecko data shows that the price of $WLD has increased sharply by more than 28% since the 16th, and has continued to rise. It has still increased by more than 20% in the past 24 hours, and the cumulative increase in the past week has been close to 150%. As of now, the price of $WLD is temporarily quoted at US$6.59, with a market value of US$825 million, jumping to 101st place in the cryptocurrency market value rankings.

Worldcoin faces regulatory pressure from various countries

Worldcoin’s goal of using blockchain technology to allow users to prove their unique identities has caused considerable controversy, mainly focusing on its so-called “Orb” On the privacy issues of iris scanning devices.

On the 1st of this month, Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) launched an investigation into the local operations of this project, claiming that the project’s collection of users’ iris information may have violated Hong Kong’s local “Personal Data Protection Regulations”. Data (Privacy) Ordinance", and in accordance with the authorization of the Ordinance, six operating locations of WorldCoin in Hong Kong were searched, including Yau Ma Tei, Kwun Tong, Wan Chai, Cyberport, Central and Causeway Bay.

Outside of Hong Kong, the plan faced privacy and regulatory pressure and had to announce the temporary suspension of services in countries such as India, Brazil, France and Kenya.

In order to reduce market concerns about privacy violations, Worldcoin continues to work hard, such as announcing on January 24 that it will open source its "iris scanning device Orb" in order to reduce the amount of iris data collected by users by increasing transparency. Concerns about privacy issues that may arise.

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