Worldcoin surpassed two million sign-ups to World ID in less than half the time it took to reach one million.
Worldcoin, a cryptocurrency and digital identification project, has seen over two million users sign up for its “global identity protocol” dubbed World ID.
According to a July 13 statement, the World ID project — still in beta testing— passed two million in less than half the time it took to reach the first million.
In a nutshell, World ID aims to offer a “global digital passport” that users can store on their phones to prove their identity, while using zero-knowledge proofs to protect their privacy.
To sign up for the World ID program and receive a “digital passport,” individuals must visit an orb to scan one of their eyeballs. This creates a unique “IrisHash,” used to verify their uniqueness. Users who successfully upload their sensitive biometric data are paid for their efforts in a self-titled cryptocurrency known as Worldcoin.
Worldcoin credited its sign-up rush to a recent multicity tour that spanned across Barcelona, Berlin and Tokyo. The tour averaged 40,000 new verified World ID members every week, it said.
Worldcoin anticipates that these five-pound, chrome eye-scanning devices known as “Orbs” will become increasingly available worldwide over the next several months due to an uptick in demand.
“Additionally, just as more people are signing up, a growing number of apps and services are making use of the World ID protocol.”
It also noted that other protocols, including Okta’s Auth0 and Talent Protocol, have begun to use World ID and Worldcoin in their respective onboarding procedures.
On May 8, the project launched the World App, a gas-free crypto wallet for verified humans that works on Android and iOS operating systems. Roughly two weeks later, on May 25, Worldcoin raised $115 million in a Series C funding round to support the further rollout of its World ID program.