‘Landmark Year’ for Worldcoin As Eyeball-Scanning Crypto Project Launches in Singapore

Must read

Coinbase sees massive $1 billion Bitcoin withdrawal

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

Exploring SynFutures V3 and the Oyster AMM

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

From credit spreads to HODLing patterns: Navigating February’s crypto market shifts

Welcome to the February CryptoSlate Alpha Monthly Snapshot, an exclusive round-up designed for our CryptoSlate Alpha subscribers.In February, our comprehensive reports and insightful articles...

Record high realized cap shows unprecedented economic investment in Bitcoin

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

Worldcoin (WLD) has announced its launch in Singapore a week after pausing operations in three other nations.

In a new company blog post, Worldcoin – founded by OpenAI CEO Sam Altman – says that its launch in Singapore will cap off a landmark year for the identity verification protocol.

“Individuals in Singapore can now verify their unique humanness at an Orb in the latest sign of growing global interest in proof of personhood and the Worldcoin project. After the successful launch of World ID 2.0 and the open sourcing of the Worldcoin iris recognition pipeline in mid December, World ID verifications are now available in Singapore via the Orb, the project’s custom hardware device.”

Worldcoin’s Orb is a helmet-shaped peripheral customers use to verify their IDs. To use it, investors have to download the Worldcoin app and a compatible wallet and then visit the Orb to have their eyeballs scanned as a means of verifying their identities.

Worldcoin says it plans to continue expanding access to its protocol, launching in cities across Spain, Germany, Chile, Argentina and Japan.

However, last week, the project paused its services in India, Brazil, and France – which coincided with WLD’s price dip of about 22% at the time – but gave no specific reason why.

Despite this, the project considers 2023 a “landmark year” as the World App passed five million users and 30 million transactions.

“According to TFH, who developed and maintained [the] World App for the Worldcoin project, over five million accounts have now been created – enough to rank it as the 5th most popular hot wallet in the world in 2023 alongside Bitcoin.com wallet, according to CoinGecko.

In addition to downloads, World App monthly active users have climbed to 1.7 million, and total transactions on the app are now more than 30 million.”

WLD is trading for $3.64 at time of writing, a fractional decrease during the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

More articles

Latest article

Coinbase sees massive $1 billion Bitcoin withdrawal

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

Exploring SynFutures V3 and the Oyster AMM

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

From credit spreads to HODLing patterns: Navigating February’s crypto market shifts

Welcome to the February CryptoSlate Alpha Monthly Snapshot, an exclusive round-up designed for our CryptoSlate Alpha subscribers.In February, our comprehensive reports and insightful articles...

Record high realized cap shows unprecedented economic investment in Bitcoin

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

Vanguard CEO to retire but firm unlikely to change anti-crypto stance

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...