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Worldcoin is Quietly lnnovating The Future of Digital Identity

December 15, 2023
x min read
Worldcoin is Quietly lnnovating The Future of Digital Identity

The launch of Worldcoin led to enormous controversy and debate across the crypto community. But that hasn’t stopped the project from continuing to grow at a rapid pace.

What’s happening:

  • Worldcoin, the crypto project co-founded by Sam Altman, has unveiled new technology integrations that support their World ID platform with Minecraft, Reddit, Telegram and Shopify
  • The new integration aims to make it easy for other technology platforms to distinguish between human beings and digital bots

The big idea:

  • Worldcoin has multiple types of verification processes to confirm that a user is a human being, ranging from anonymous verification all the way to scanning your iris to confirm your identity
  • Once you have been verified through Worldcoin’s platform, you are then able to use World ID integrations on other platforms that support their technology
  • The platforms using World ID will enable special access and permissions to users who have successfully confirmed their identity

By the numbers:

  • Worldcoin now has 5 million users globally
  • Currently, Worldcoin is growing by about 100,000 new users per week

Yes, but:

  • Worldcoin has been banned in multiple countries due to regulators citing privacy violations and concerns over data
  • There has also been consistent criticism around offering free Worldcoin tokens to incentivize users to sign up, especially in countries with high rates of poverty

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