On February 17, Sam Altman’s Worldcoin team announced that the World App had reached 1 million daily active users.
World App, the first wallet built for the Worldcoin project, passed 1M daily users this week. This community is incredible ? pic.twitter.com/Mf6Y51gscQ
— Worldcoin (@worldcoin) February 17, 2024
In comparison, in November 2023, the figure was only 100,000.
Following this milestone, the project’s native token WLD rose by 41.3% in a day, according to CoinGecko. Over the week, the increase was approximately 186.4%.
At the time of writing, the coin is trading at a historic high near $7.28 with a market capitalization of $950 million.
The recent announcement of OpenAI’s generative video neural network Sora may have also contributed to the price surge.
The project’s main product, the World ID protocol, is based on zero-knowledge proofs. It serves as a tool for individuals to verify their identity using biometric data or a phone number.
In December, Worldcoin introduced World ID 2.0, which is integrated with several platforms, including Telegram, Reddit, Shopify, and Minecraft, for passwordless authentication.
The launch of Altman’s startup has raised data protection concerns among regulators in several countries. Authorities in the UK, France, Germany, Kenya, and Argentina have shown interest in the project’s activities.
In January 2024, the company’s developers announced an upgrade to the orb devices for retina scanning. The biometric devices will become more akin to an “Apple product.”