Worldcoin, the pioneering crypto identity project, is celebrating as sign-ups for its “World ID” protocol have skyrocketed past two million. The innovative project provides a "global digital passport" for users, allowing identity verification while ensuring data privacy through zero-knowledge (ZK) proofs.
Joining the World ID community involves a unique process where users visit an “Orb” to have their eyes scanned. This creates a unique IrisHash that confirms their individuality. Worldcoin thanks its users for entrusting their biometric data by rewarding them with Worldcoin cryptocurrency.
This novel approach to crypto identification seems to have struck a chord with users across the globe. The project saw a rapid surge in new members during a multi-city tour, with an average of 40,000 new registrations every week. The Worldcoin team expects their chrome, eye-scanning Orbs to become a global presence in the coming months due to increasing demand.
And World ID isn’t just drawing in curious users. Other protocols, including Okta's Auth0 and Talent Protocol, have integrated World ID and Worldcoin into their onboarding processes.
The World App, a gas-free crypto wallet tailored for verified humans, was launched in May. Not long after, Worldcoin secured $115 million in Series C funding to facilitate further expansion of the World ID program.
It’s impressive to witness Worldcoin's success in creating a synergy between technology and user privacy, not to mention the growth of their global digital passport. It's evident that their unique approach to data privacy and reward systems are resonating with users worldwide. However, the success of the project will undoubtedly hinge on the security of the biometric data they collect and their ability to continue scaling their operations to match the growing demand.
