{"id":348120,"date":"2023-08-07T11:50:11","date_gmt":"2023-08-07T10:50:11","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=348120"},"modified":"2024-03-06T15:27:30","modified_gmt":"2024-03-06T15:27:30","slug":"worldcoin-global-id-demand-doubles-despite-regulatory-hiccup-wld-token-turbulence","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/worldcoin-global-id-demand-doubles-despite-regulatory-hiccup-wld-token-turbulence\/","title":{"rendered":"Worldcoin global ID demand doubles despite regulatory hiccup, WLD token turbulence"},"content":{"rendered":"<p>Worldcoin claimed that demand for its global World ID verifications doubled during the first week of its launch despite the early regulatory troubles it faced across multiple jurisdictions.<\/p>\n<p>In an Aug. 6 <a href=\"https:\/\/worldcoin.org\/blog\/announcements\/launch-week-sets-records-worldcoin-community-world-id-sign-ups\">statement<\/a>, Worldcoin said the release of new Orbs worldwide boosted its weekly verifications numbers, building on its already high verifications rate for this year. Earlier reports had <a href=\"https:\/\/cryptoslate.com\/worldcoin-surpasses-2m-signups-for-its-world-id-program\/\">revealed<\/a> that Worldcoin attracted more than 2 million registrations before its launch.<\/p>\n<p>Worldcoin further claimed that World App, the designated wallet for the project, saw its active users increase by three folds and recorded a ten-time increase in its weekly account creations during the same period.<\/p>\n<p>The statement aligns with a previous revelation from its founder\u00a0<a href=\"https:\/\/cryptoslate.com\/people\/sam-altman\/\">Sam Altman<\/a> who <a href=\"https:\/\/cryptoslate.com\/sam-altman-says-worldcoin-is-onboarding-eight-users-per-second-but-claims-are-largely-unsubstantiated\/\">said<\/a> the project was onboarding eight users per second while sharing a video of several people lined up to use the project's eye-scanning technology.<\/p>\n<h2><span class=\"s5\"><span class=\"bumpedFont15\">Regulatory woes<\/span><\/span><\/h2>\n<p>Since its launch, Worldcoin has faced high regulatory scrutiny in several countries, including Kenya, Britain, \u00a0<a href=\"https:\/\/cryptoslate.com\/french-authorities-launch-probe-into-worldcoin-over-data-collection-practices\/\">France<\/a>, and\u00a0<a href=\"https:\/\/cryptoslate.com\/german-privacy-watchdog-has-been-investigating-worldcoin-since-november-2022\/\">Germany<\/a>, over how it handles the private data it collects.<\/p>\n<p>Germany's top privacy regulator has been investigating the firm's data collection practices since November 2022, while data watchdogs in other countries have expressed concerns over Worldcoin's operations.<\/p>\n<p>In Kenya, Worldcoin was <a href=\"https:\/\/cryptoslate.com\/worldcoin-wld-token-jump-nearly-5-despite-kenyan-governments-suspension\/\">indefinitely suspended<\/a> on Aug. 2, pending when the authenticity and legality of its activities are determined. The authorities in the African country warned that it would take action against any individual who abets the project's operation.<\/p>\n<p>Meanwhile, prominent crypto community members, including\u00a0 Peter McCormack, the host of the \u2018What Bitcoin Did\u2019 podcast, have <a href=\"https:\/\/cryptoslate.com\/mccormack-slams-worldcoin-saying-bitcoin-is-world-coin\/\">criticized<\/a> its reliance on biometric data to verify identities. Worldcoin requires an individual to scan their Iris via one of its Orbs to confirm that they are human. Ethereum Co-Founder Vitalik Buterin <a href=\"https:\/\/cryptoslate.com\/vitalik-says-worldcoins-iris-scanning-sufficient-in-privacy-preservation\/\">said<\/a> that biometric scanning was &#8220;sufficient&#8221; for privacy protection.<\/p>\n<p>Worldcoin told <em>CryptoSlate<\/em> that it complies with local laws guiding the collection of personal data in all its operating markets.<\/p>\n<h2>WLD struggles<\/h2>\n<p>Despite its early claims of success, the Worldcoin <a href=\"https:\/\/cryptoslate.com\/coins\/worldcoin-org-wld\/\">WLD<\/a> token's value dropped 11% in the last seven days and trades at $2.03 as of press time, according to <em>CryptoSlate's<\/em> data.<\/p>\n<p>During this period, on-chain <a href=\"https:\/\/etherscan.io\/token\/0x163f8c2467924be0ae7b5347228cabf260318753\">data<\/a> from Etherscan shows that the project has less than 6000 holders and has only experienced 23,655 transfers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Worldcoin claimed that demand for its global World ID verifications doubled during the first week of its launch despite the early regulatory troubles it faced across multiple jurisdictions. In an Aug. 6 statement, Worldcoin said the release of new Orbs worldwide boosted its weekly verifications numbers, building on its already high verifications rate for this [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":348150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,76736],"tags":[78713],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Worldcoin global ID demand doubles despite regulatory hiccup, WLD token turbulence<\/title>\n<meta name=\"description\" content=\"Worldcoin said demand for its World ID product soared during the first week of its launch despits its regulatory issues.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/worldcoin-global-id-demand-doubles-despite-regulatory-hiccup-wld-token-turbulence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worldcoin global ID demand doubles despite regulatory hiccup, WLD token turbulence\" \/>\n<meta property=\"og:description\" content=\"Worldcoin said demand for its World ID product soared during the first week of its launch despits its regulatory issues.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/worldcoin-global-id-demand-doubles-despite-regulatory-hiccup-wld-token-turbulence\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-07T10:50:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T15:27:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/orbs-worldcoin-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/worldcoin-global-id-demand-doubles-despite-regulatory-hiccup-wld-token-turbulence\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/worldcoin-global-id-demand-doubles-despite-regulatory-hiccup-wld-token-turbulence\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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