crypto

Title: Worldcoin's Year One

As Worldcoin marks its first anniversary, the ambitious project co-founded by OpenAI CEO Sam Altman finds itself at a crossroads. Launched on July 24, 2023, Worldcoin aimed to establish a universal digital identity system and financial network, leveraging biometric data through its “orb” devices. Despite the project facing significant scrutiny and challenges over the past year, its innovative goals remain.

4. Growth Amidst Adversity

Despite the controversies, Worldcoin has achieved notable growth. The World App, Worldcoin’s native wallet, has amassed 10 million users across 160 countries, processing over 70 million transactions. This positions it among the top self-custodial wallets globally.

In financial terms, WLD experienced significant fluctuations. It soared 160% in February 2024, driven by AI market trends, but later declined due to shifting market sentiment. As of now, WLD is reported at $2.87, reflecting ongoing volatility.