Worldcoin Iris-Scanning App Reaches 4 Million Downloads Amid Privacy Concerns
Summary:
Worldcoin, a project utilizing iris-scanning for user identification, reported that their mobile World App has been downloaded more than 4 million times. The project has over a million regular monthly users, a number that has doubled in the last six months. Upon user verification through iris scan, users receive a "World ID" and are rewarded with 25 Worldcoin (WLD) tokens. Despite its success, Worldcoin faces criticism about potential privacy risks, leading to its operations being halted in Kenya over such concerns. The World App’s 4 million downloads could potentially place it sixth in Coingecko’s list of popular wallets.
Worldcoin, a project promoting iris scanning for user validation, has achieved a major accomplishment. Their mobile World App has now been downloaded more than 4 million times, based on a blog post released by the team on November 1st. If Coingecko verifies this count, it would position the World App sixth in their lineup of most downloaded software wallets.
The team responsible for Worldcoin's expansion, referred to as "Tools for Humanity," also stated that their active monthly userbase has grown to surpass one million, which is a twofold increase compared to six months prior. As per their claim, the World App now boasts over a million regular monthly users, 4 million total downloads, and 22 million transactions – a commendable feat considering its launch just half a year ago.
Worldcoin offers users a way to certify their human identity via an iris scan. Upon successful scanning, users receive a "World ID" to authenticate to applications that they are indeed human, and not a robot. As a bonus, verified users are rewarded with 25 Worldcoin (WLD) tokens, with a current approximate value of $46.50. This initiative has gained significant traction in developing economies like Argentina, where people view this as an easy opportunity to earn extra income. However, skeptics continue to challenge Worldcoin, alleging potential risks to privacy due to its centralization and potential public exposure of user data.
In order to redeem their WLD tokens, Worldcoin users must download the World App to establish an account. According to the project's team, the app has been downloaded over 4 million times as of their November 1st update. This statistic would rank the World App ahead of Solana Phantom wallet but just behind Bitcoin.com's Bitcoin wallet in Coingecko’s compilation of most popular wallets.
Evidently, a proportion of Worldcoin's registrants are not just fleeting users. Post-download, it appears a chunk of users continue to actively engage with the app. The app hosts 1 million monthly, 500,000 weekly, and 100,000 daily active users, according to the team's update. Notably, this reflects that the count of active monthly users has doubled from six months ago.
Despite Worldcoin's apparent progress, the project still faces scrutiny over privacy issues from some sectors. For instance, a Kenyan parliamentary committee ordered Worldcoin in October to halt operations in the country due to privacy-related apprehensions. While Worldcoin obliged the request, it also refuted these charges by asserting strict adherence to Kenya's privacy legislations.
Published At
11/1/2023 4:52:41 PM
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