Worldcoin, which has faced criticism for allegedly targeting developing economies, obtains users by scanning their irises to assign a unique "World ID". The company has over four million downloads and more than 2.4 million unique users. Despite the controversy, Worldcoin continues to grow, with about 53,800 new accounts created and over 59,000 daily wallet transactions in the most recent week.
Key takeaways:
- Sam Altman, former CEO of OpenAI, has left his role and the company's board, raising questions about his future involvement with Worldcoin, a crypto project he co-founded.
- Worldcoin's token, WLD, fell more than 13% following the news of Altman's departure from OpenAI.
- Worldcoin has faced criticism for its method of obtaining users by scanning irises and giving out free tokens, particularly in developing countries, which some see as exploitative.
- Despite the controversy, Worldcoin's application has over four million downloads, more than 2.4 million unique users, and has seen a significant increase in new accounts and daily wallet transactions.