Worldcoin Skyrockets Past 4.5 Million Users with Personal Custody Implementation

Worldcoin, a cryptocurrency project utilizing iris-scanning technology, has witnessed a surge in users to 4.5 million following the implementation of personal custody, a feature granting users control over their data. This user-centric update has led to increased engagement and a price increase for the project's native currency, WLD, which has risen by 14.64% in the past 24 hours.

Worldcoin Surges Past 4.5 Million Users Following Personal Custody Implementation

Worldcoin, the innovative technology company at the intersection of cryptocurrency and iris-scanning technology, has achieved a significant milestone with its user base skyrocketing to 4.5 million within hours of implementing a user-centric feature known as personal custody.

This surge in engagement has ignited a price rally for Worldcoin's native currency, WLD, underscoring the positive reception of the new feature among the growing user community.

Worldcoin's Journey: From AI Differentiation to Personal Data Control

Co-founded by OpenAI CEO Sam Altman, Worldcoin's mission is to enable humans to differentiate themselves from artificial intelligence (AI) by verifying their identity through an eye-scanning device called an Orb. The project also provides users with the ability to securely store their personal data on-chain, empowering them with ownership of their digital identities.

The World App serves as the central hub for Worldcoin's activities, facilitating a seamless user experience.

Personal Custody: Empowering Users with Data Autonomy

On March 22nd, Worldcoin introduced personal custody, a transformative feature that places users firmly in control of their personal data. Previously, Worldcoin held custody of user data, raising concerns among some individuals and government agencies regarding the project's data collection practices. Several governments had even imposed sanctions on the use of the Orb technology.

In response to these concerns, Worldcoin implemented personal custody, ensuring that backend developers lack access to user data, as they only possess the public key to the user's World ID. This move was seen as a proactive step towards addressing privacy concerns and fostering user trust.

4.5 Million Users: A Testament to User Acceptance

The latest milestone of 4.5 million users is a resounding endorsement of Worldcoin's personal custody implementation. It demonstrates that users value the autonomy and control that this feature provides over their personal data.

However, it remains to be seen whether countries that have expressed hostility towards Worldcoin's technology, such as Kenya and South Korea, will embrace the eye-scanning biometric solution.

WLD Price Surge: A Reflection of Growing Optimism

The announcement of Worldcoin's personal custody implementation has been met with enthusiasm by the cryptocurrency market. The WLD token has experienced a 14.64% uptrend over the past 24 hours, currently trading at $8.87. This price increase reflects the growing optimism surrounding Worldcoin's trajectory and the potential for wider adoption of its technology.