World currency soars, wallet application daily users exceed one million mark: details

Worldcoin, the ambitious Web3 project co-founded by Sam Altman, is seeing better days after experiencing some downtime last year. The project’s native token, WLD, has reportedly surged in value by 140% in the past seven days. As of writing, WLD is trading at $7.58 (roughly Rs. 628). The main reason behind the price surge is the boom in the Worldcoin wallet application called “World App”.

This week, WorldCoin’s official

According to statistics, around November 2023, the number of Worldcoin wallet users will be approximately 100,000 daily active users Report Provided by CoinTelegraph.

As artificial intelligence becomes more intelligent and advanced day by day, Ultraman hopes to create a network composed only of real people through World Coin. Altman plans to generate globally unique personal identifiers by scanning people’s irises, which would eliminate the need for people to present identifying information such as names or email IDs when interacting with computers and machines.

Around August last year, world currency It has attracted more than 2 million registered users from all over the world, including India. People lined up to submit their eye scans via the sphere to the WorldCoin team.

However, this iris collection detail has raised concerns among multiple governments. For example, Kenyan authorities raided Worldcoin’s offices in Nairobi, resulting in the seizure of all stored information of registered users of the project.

For now, no single metric can explain Worldcoin’s sudden rise, other than the fact that the entire cryptocurrency market is rising. Bitcoin It is trading above $52,000 (roughly Rs. 43 lakh) and has pushed up the prices of almost major cryptocurrencies.

In August 2023, the total market capitalization of WLD tokens was $266 million (approximately Rs. 2,207 crore).Currently, WLD has a market capitalization of $73,592,859,052 (approximately Rs. 6,10,873 crore), as per coin market cap.