Worldcoin’s mobile application, the World App, has hit a milestone with a whopping 4 million downloads. Tools for Humanity, the brilliant minds behind its development, shared this news in a blog post dated November 1. The achievement is noteworthy, doubling the app’s monthly user base to 1 million in just half a year.
The World App runs on iOS and Android platforms, offering a unique proposition. Users verify their human identity through an iris scan, receiving a “World ID.” This ID ensures applications that the user is not a bot. To sweeten the deal, verified users receive 25 Worldcoin (WLD) tokens, roughly $46.50.
This iris-scanning project has found a solid footing in developing markets, Argentina being a prime example. Participants quickly realized that they could turn a profit by registering and selling their WLD tokens. However, this surge in popularity has come with its share of criticism.
Detractors have voiced concerns over potential privacy risks, citing the project’s centralization as a possible threat to user data security. Nevertheless, those looking to cash out their WLD tokens are undeterred, flocking to download the World App and create their accounts.
As it stands, the app’s user engagement is robust. Alongside its 1 million monthly active users, the app boasts 500,000 weekly and 100,000 daily active users. Despite these successes, the journey hasn’t been entirely smooth. Last month, a Kenyan parliamentary committee mandated a halt to Worldcoin’s operations within its borders, citing privacy concerns.
Worldcoin’s surge in downloads and active users is undeniably impressive. However, as technology advances, so must our commitment to safeguarding user privacy. The balance between innovation and security remains a delicate dance, one that requires constant attention and care.