HomeNewsOpenAI's Sam Altman Unleashes Worldcoin's Identity Verification Tech in Singapore

OpenAI’s Sam Altman Unleashes Worldcoin’s Identity Verification Tech in Singapore

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  • Worldcoin’s launch in Singapore marks a significant expansion of its identity verification technology.
  • The World App reaches five million users, with over 30 million transactions globally.

In a significant development in the blockchain world, OpenAI’s CEO Sam Altman has steered Worldcoin towards a new milestone with its launch in Singapore. This move comes as a part of the identity verification protocol’s global expansion.

The latest update from The Worldcoin Blog reveals that Singaporeans can now authenticate their unique identity using Worldcoin’s Orb, signaling growing interest in proof of personhood and the Worldcoin project.

Worldcoin’s journey in Singapore caps off what they describe as a “landmark year.” The launch follows the recent advancements of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline in mid-December.

Singaporeans seeking to utilize Worldcoin’s services can do so by interacting with the Orb, a custom hardware device. This device, resembling a futuristic helmet, enables users to scan their eyeballs, thereby verifying their identity. Users must first download the Worldcoin app and a compatible wallet, then visit an Orb location for the scanning process.

Global Expansion Amid Challenges, Temporary Setbacks, and Resilience

Worldcoin’s vision doesn’t stop in Singapore. The company has plans to broaden its reach, targeting cities across Spain, Germany, Chile, Argentina, and Japan. This ambitious expansion plan underscores the growing demand for robust identity verification solutions in the digital age.

Despite the optimistic outlook, Worldcoin faced temporary setbacks, pausing operations in India, Brazil, and France last week. This coincided with a 22% dip in WLD’s price, though no explicit reasons were provided for the pause. Nonetheless, Worldcoin views 2023 as a year of significant achievements, with the World App surpassing five million users and reaching 30 million transactions.

The World App’s Rising Popularity

The World App’s increasing popularity is evident in its user statistics. Developed and maintained by TFH for the Worldcoin project, the app now boasts over five million accounts, ranking it alongside the likes of Bitcoin.com wallet.

With monthly active users climbing to 1.7 million and total transactions exceeding 30 million, the World App is making its mark in the digital wallet space. This impressive growth, highlighted in a tweet by Tiago Sada, Celebrates the app’s milestone of crossing five million users and one million weekly users, marking 2023 as a special year for the project.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628