Worldcoin Sets New Record, Signing Up Over 9,500 Users in a Single Day in Argentina
Summary:
Worldcoin, a blockchain-based project, set a new record by signing up over 9,500 users in Argentina in a single day. Participants were onboarded with a fast average rate of less than nine seconds per person. The project provides individuals with a unique "World ID" to prove their human identity. Despite facing criticism for privacy concerns, the demand for World IDs remains high, leading to the project's app becoming the number one app in Argentina temporarily. The signup bonus for new users is 25 WLD, Worldcoin's native coin, valued at approximately 10,239.48 Argentinian Pesos. The project assures compliance with biometric data collection regulations and is being investigated by the Argentinian government.
Worldcoin, a project focused on human identification through iris scanning, achieved a remarkable milestone by signing up over 9,500 users in Argentina in a single day in August. This sets a record for the highest number of signups in a day. According to the project's announcement on August 31, facilitators were able to onboard participants at a rate of less than nine seconds per person.
Argentina has established Worldcoin facilitators in 38 different locations, with most of them situated in the capital city of Buenos Aires. The country has gained recognition as a leader in blockchain innovation and cryptocurrency adoption.
Worldcoin aims to provide individuals with a "World ID" that can be used in various applications to confirm their status as humans and differentiate them from AI programs or bots. The project was founded by Sam Altman, the co-founder of OpenAI, who believes that human IDs will become crucial as AI programs become more advanced and indistinguishable from humans.
Since its launch on July 25, Worldcoin has faced criticism from privacy advocates who argue that the project is overly centralized and vulnerable to the leakage of users' biometric data. However, despite the controversy, the team claims that there has been a significant demand for World IDs, with many Argentinians signing up for the service. In fact, 9.5K Argentinians verified their World IDs in just one day during August.
The surge in signups even caused the Worldcoin app to briefly top the charts as the number one app in Argentina on the App Store. As a signup bonus, new users receive 25 WLD, Worldcoin's native coin. At present, this bonus is worth approximately 10,239.48 Argentinian Pesos (ARS) or $29.25 on the open market. On the day of the launch, the 25 WLD bonus reached an all-time high value of around 23,791 ARS or $68.
Worldcoin asserts that it complies with all laws and regulations governing the collection and transfer of biometric data. However, due to privacy concerns, the Argentinian government has initiated an investigation into Worldcoin's privacy practices. Additionally, the project has been suspended in Kenya, prompting the Worldcoin team to provide a document demonstrating their compliance with privacy laws in the country.
Published At
8/31/2023 6:05:19 PM
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