The innovative World ID Worldcoin project, aimed at revolutionizing global digital identification, has achieved tremendous success, with more than two million users registering in the program. World ID quickly gained traction during the beta testing phase by crossing the first million mark in record time.
World ID’s primary goal is to provide users with a digital passport that is stored on their mobile device, empowering them to verify their identity while preserving their privacy through zero-knowledge proofs.
To join the World ID program and obtain a digital passport, individuals must visit an “orb” where they have one of their irises scanned. This process generates a unique identifier called “IrisHash”, which ensures their uniqueness. As a reward for successfully uploading their sensitive biometric data, users receive Worldcoin, the project’s native cryptocurrency.
Worldcoin attributed the spike in signups to its recent successful multi-city tour that included Barcelona, Berlin and Tokyo. During this tour, an average of 40,000 new verified World ID members were added to the platform each week.
Anticipating increased demand, Worldcoin expects the availability of five-pound chrome eye-scanning devices known as “Orbs” to expand globally in the coming months.
Additionally, Worldcoin emphasizes the growing adoption of the World ID protocol by various applications and services. Auth0 Okta and Talent Protocol have integrated World ID and Worldcoin into their onboarding procedures.
On May 8, Worldcoin launched World App, a gas-free crypto wallet compatible with Android and iOS operating systems designed for verified individuals. Shortly thereafter, on May 25, the project secured an extraordinary $115 million in a Series C funding round to support the widespread implementation of the World ID program.
With many users signing up for the program and integrating the World ID protocol into multiple platforms, Worldcoin is poised to expand its influence and establish itself as a leading player in the digital identification and cryptocurrency space. The future looks promising for Worldcoin as it continues to revolutionize the way individuals validate their identities and embrace the potential of decentralized digital systems.