World App Sees 3X Increase In Active Users Following Worldcoin Launch
Key Points:
- Worldcoin’s privacy-preserving identity protocol, World ID, experienced a surge in global demand after launch.
- Tools for Humanity’s World App also saw a significant increase in global activity following the network’s launch.
Global demand for World ID surged after launch, with weekly verifications doubling. World App saw a 3X increase in active users & 10X increase in account creations.
The launch of Worldcoin’s privacy-preserving identity protocol, World ID, out of beta has led to a surge in global demand for the product. In the seven days following the launch, weekly international World ID verifications more than doubled as additional Orbs were rolled out worldwide.
The growth follows a doubling of the rate of World ID verifications once in 2023 and a rapid increase in World ID sign-ups from one million to two million between January and July. The sustained increase in global demand for World ID as a standalone product is demonstrated by the recent 2X growth in weekly World ID sign-ups.
Tools for Humanity’s World App, the first wallet built for the Worldcoin network, also saw a surge in global activity following the network’s launch. There was a 3X increase in weekly active World App users and a more than 10X increase in weekly account creations in the seven days following the launch.
On August 2, the Minister of Internal Security for the country reportedly issued an official statement on Facebook, announcing that the Kenyan government had suspended Worldcoin’s operations until relevant public agencies could confirm there were no risks to Kenyan citizens.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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World App Sees 3X Increase In Active Users Following Worldcoin Launch
Key Points:
- Worldcoin’s privacy-preserving identity protocol, World ID, experienced a surge in global demand after launch.
- Tools for Humanity’s World App also saw a significant increase in global activity following the network’s launch.
Global demand for World ID surged after launch, with weekly verifications doubling. World App saw a 3X increase in active users & 10X increase in account creations.
The launch of Worldcoin’s privacy-preserving identity protocol, World ID, out of beta has led to a surge in global demand for the product. In the seven days following the launch, weekly international World ID verifications more than doubled as additional Orbs were rolled out worldwide.
The growth follows a doubling of the rate of World ID verifications once in 2023 and a rapid increase in World ID sign-ups from one million to two million between January and July. The sustained increase in global demand for World ID as a standalone product is demonstrated by the recent 2X growth in weekly World ID sign-ups.
Tools for Humanity’s World App, the first wallet built for the Worldcoin network, also saw a surge in global activity following the network’s launch. There was a 3X increase in weekly active World App users and a more than 10X increase in weekly account creations in the seven days following the launch.
On August 2, the Minister of Internal Security for the country reportedly issued an official statement on Facebook, announcing that the Kenyan government had suspended Worldcoin’s operations until relevant public agencies could confirm there were no risks to Kenyan citizens.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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