Milestone Achieved: Over 4 Million Downloads
Iris-scanning project Worldcoin has reached a major milestone with its mobile World App being downloaded over 4 million times, according to a recent blog post from the project's team. If confirmed, this would place World App as the sixth most downloaded software wallet on Coingecko's list.
Surging User Base: 1 Million Monthly Users
The Worldcoin development team, known as "Tools for Humanity," also announced that the World App now boasts over 1 million monthly users, doubling the figure from six months ago.
Impressive Stats: 1 Million Monthly Active Users, 4 Million Downloads, and 22 Million Transactions
World App has surpassed expectations, now boasting 1 million monthly active users, 4 million downloads, and a staggering 22 million transactions. This remarkable growth has been achieved in just six months, since November 1, 2023.
Proving Humanness: World ID and Token Rewards
Worldcoin's project enables users to prove their humanness by undergoing iris scanning. Upon verification, users receive a unique "World ID" that can be used to validate their authenticity to various applications. Additionally, each verified user is rewarded with 25 Worldcoin (WLD) tokens, currently valued at approximately $46.50.
Popular in Developing Markets
Worldcoin has gained popularity in developing markets such as Argentina, where some participants have registered and sold the coins as a means of making extra income.
Privacy Concerns: Centralization and Data Leaks
Despite its success, Worldcoin has faced criticism for potential privacy risks. Critics argue that the project is overly centralized and may expose users' data to public leaks.
Download World App to Cash Out WLD
In order to cash out their WLD tokens, Worldcoin users must download the World App to create an account. The team's recent post confirms that the app has been downloaded over 4 million times, surpassing Solana Phantom wallet but falling below Bitcoin.com's Bitcoin wallet on Coingecko's popular wallets list.
Rapid Growth in Active Users
Many users who register with Worldcoin continue to actively use the app after downloading it. The post reveals that the app now boasts 1 million monthly active users, 500,000 weekly active users, and 100,000 daily active users. These figures represent a doubling of the monthly active user count from six months ago.
Privacy Concerns in Kenya
Despite its achievements, Worldcoin faced criticism in Kenya, where a parliamentary committee ordered the project to cease operations due to privacy concerns. Worldcoin complied with the order and issued a statement asserting that they have adhered to all privacy laws in the country.
