Worldcoin has attained a new milestone as its ‘World App’ for iOS and Android has now been downloaded 4 million times with about 1 million active users.
Iris-scanning project Worldcoin has attained a new milestone, as its mobile World App has been downloaded more than four million times, according to a blog post published by the project’s team on November 1. If Coingecko eventually confirms this number, it could rank World App sixth on its list of the most downloaded software wallets.
The Worldcoin development team, named “Tools for Humanity,” also claims it now has over 1 million monthly users, double the amount from six months ago.
Worldcoin is an initiative that enables users to demonstrate their humanity by scanning their irises. Once the user’s iris has been scanned, they obtain a “World ID” that applications can use to verify that they are not a bot. Each verified user receives 25 Worldcoin (WLD) tokens, which are presently worth approximately $46.50.
In developing markets such as Argentina, the project has gained popularity, as some participants view registering and selling the coins as a quick means to earn extra money.
However, Worldcoin has also received criticism for allegedly posing a privacy risk. Critics assert that it is overly centralized and may result in the public disclosure of user information.
To withdraw their WLD, Worldcoin users must obtain the World App and generate an account. The team announced on November 1 that the app has been downloaded over four million times. This would position it above the Solana Phantom wallet but below Bitcoin.com’s Bitcoin wallet on Coingecko’s list of most popular wallets.
Some registered users appear to continue using the application after downloading it. The app has attained 1 million monthly, 500,000 weekly, and 100,000 daily active users. According to the post, this is double the monthly active users it had six months ago.
Despite these successes, some privacy advocates continue to criticize the endeavor. A Kenyan parliamentary committee ordered Worldcoin to cease operations on October 2 due to privacy concerns. The project complied with the order and said they had followed all national privacy laws.
