Hours after implementing the personal custody, Worldcoin’s users soared to 4.5 million.
Worldcoin, a tech startup bridging cryptocurrency and an iris-scanning technology, has recorded a new height in unique users. The latest record, capped at 4.5 million users, comes hours after the project implemented a user-centric feature called personal custody. The increased engagement has fueled a price surge for the project’s native currency, WLD.
Worldcoin Users Increase
Worldcoin is a crypto project co-founded by OpenAI’s CEO Sam Altman. The project enables humans to distinguish themselves from artificial intelligence (AI) by verifying their identity through an eye-scanning device called an Orb. The project also allows users to store their details on-chain. Worldcoin streamlines its activities through the World App.
Worldcoin rolled out a new implementation called personal custody on March 22nd. The new feature was aimed at putting users in charge of their data. Initially, Worldcoin held custody of users’ data. This approach sparked criticism among several individuals and government agencies who questioned the project’s data collection process. Some government authorities have outrightly sanctioned the adoption of the branded eye-scanning technology.
Possibly as a fix to the continuous backlash, Worldcoin implemented its new capability. The project reassures the public that backend developers cannot access users’ data since they have only the public key to the user’s World ID. The project expects more users to onboard its platform with the new implementation.
The latest milestone of 4.5 million users demonstrates users’ acceptance of the personal custody implementation. Time will tell if hostile countries like Kenya, South Korea, and others will embrace the eye-scanning biometric technology.
WLD Increases by 14%
Since the announcement of Worldcoin’s new implementation, the project’s native currency has seen a mild price increase. The WLD token is currently traded at $8.87, representing a 4.84% in the past hour and a 14.64% uptrend over the past 24 hours.
Source: CoinStats
