Worldcoin Wants to Scale Like Facebook to Go Global

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At the Korea Blockchain Week 2024 event held in Seoul on a Wednesday, Alex Blania, the CEO of Tools for Humanity, gave a hint about Worldcoin’s current focus. The co-founder of Worldcoin stated that their privacy-guaranteed human identity network is eager to disperse its iris-scanning “Orbs” in order to grow the project and make it more beneficial

Blania cited a few networks and companies like Facebook and PayPal that have experienced tremendous growth over time. In his opinion, these entities only became useful at scale. Based on these references, all Worldcoin cares about at this point is to achieve worldwide distribution like these tech giants. Additionally, the number of verified users who use the service is crucial.

Worldcoin Records Significant Milestones

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The Worldcoin initiative project, “Worldcoin project, Sam Altman and Sam Altman and Sam Altman and co-created by founding partners include OpenAI’s co-created by Sam Altman Sam Altman and Blania were the original founders of the Worldcoin project. If you sign up using a device called Orb, you will receive cryptocurrency called WLD. The official website provides confirmation that over 6.5 million unique World IDs have been verified in more than 160 countries worldwide

This year, the team managing the identity network has poured a substantial amount of resources into broadening their service to various geographic areas. In June, Worldcoin unveiled its intention to establish verification kiosks in six key locations within both major cities of Ecuador: Guayaquil and Quito. The company had already established a presence in multiple Latin American countries, including Argentina, Chile, Colombia, Mexico, and Peru

30 days following my investment in Ecuador, the Worldcoin Foundation unveiled World ID orb verifications in Austria, broadening its database within the European market. Now, anyone over 18 can engage with the World ID orbs right here in Vienna. This expansion has positioned Austria alongside Germany as a European hub for groundbreaking proof of humanness technology

Future Plans for Worldcoin

For the past year, Worldcoin has been under close examination by regulatory bodies globally, due to concerns about its operational model. Numerous governments have expressed reservations and attempted to halt its operations

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In simpler terms, the original creators of the blockchain network aim to simplify access for its users. This involves developing alliances with blockchain technology companies such as Hyperlane, Moralis, etc

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2024-09-05 13:52