Worldcoin (WLD) is set to debut in Singapore, just seven days after temporarily halting its activities in three other countries.
In a recent blog post, Worldcoin, which was founded by Sam Altman, the CEO of OpenAI, highlights that the company's entry into the Singapore market marks a significant milestone for their identity verification protocol, wrapping up an eventful year.
"Individuals in Singapore can now verify their unique humanness at an Orb in the latest sign of growing global interest in proof of personhood and the Worldcoin project. After the successful launch of World ID 2.0 and the open sourcing of the Worldcoin iris recognition pipeline in mid December, World ID verifications are now available in Singapore via the Orb, the project’s custom hardware device.”
Worldcoin has developed a helmet-shaped device called the Orb, which serves as a peripheral for customers to authenticate their IDs. To utilize it, investors must first download the Worldcoin app and a compatible wallet. Subsequently, they need to visit the Orb where their eye scans are conducted to confirm their identities.
Worldcoin has expressed its intention to further extend the accessibility of its protocol by entering various cities in Spain, Germany, Chile, Argentina, and Japan.
Last week, Worldcoin temporarily halted its operations in India, Brazil, and France, which coincided with a 22% decrease in the price of WLD. However, the company did not provide a specific reason for the suspension of services in those countries.
Despite the recent challenges, the project views 2023 as a significant year, with the World App surpassing five million users and facilitating 30 million transactions.
"According to TFH, who developed and maintained [the] World App for the Worldcoin project, over five million accounts have now been created – enough to rank it as the 5th most popular hot wallet in the world in 2023 alongside Bitcoin.com wallet, according to CoinGecko.
In addition to downloads, World App monthly active users have climbed to 1.7 million, and total transactions on the app are now more than 30 million.”
As of the time of writing, the trading value of WLD stands at $3.64, showing a slight decrease over the past 24 hours.
World has launched its digital ID service in Brazil to help combat online identity fraud using biometric scans. With over 16 million users globally, the service aims to distinguish real people from bots amid rising AI threats.
WeatherlyWorldcoin has rebranded to "World" and launched new initiatives, including the World ID Credentials program and an upgraded Orb device for identity verification. While the project has generated excitement, trust issues remain, particularly due to concerns about privacy and recent controversies surrounding its leadership, which has resulted in a mixed market response.
WeatherlyA large investor deposited over $3.3 million worth of Worldcoin tokens into Binance, suffering a $50,000 loss, drawing scrutiny on Worldcoin's trajectory. DeFi^2 warned that Worldcoin's tokenomics may primarily benefit insiders, emphasising its hyperinflationary model and manipulative design, raising concerns in the crypto community.
WeatherlyOpenAI's GPT-4o integrates text, audio, and video processing, revolutionizing human-computer interaction. Despite Worldcoin's recent price drop and misconceptions about its affiliation with OpenAI, the latter gears up for the launch of its macOS desktop app.
AnaisOpenAI is set to release GPT-5, a significant upgrade to its conversational AI, potentially in mid-2024. Apple is also making strides in generative AI, with plans to unveil new developments later this year. Meanwhile, OpenAI's video generation tool, Sora, faces challenges regarding cost and ethical concerns. Despite progress, questions remain about Sora's data sources. Sam Altman's return to OpenAI's board signals governance improvements, while his cryptocurrency venture, Worldcoin, sees a surge in value. These advancements highlight the rapid evolution of AI technology, but concerns persist about transparency and misuse.
BerniceWhile Worldcoin faces regulatory hurdles in Spain, long-term prospects remain optimistic, with increasing adoption and improving fundamentals.
BerniceSpain banned Worldcoin's eye-scanning data collection method due to privacy concerns, while OpenAI, another project by Sam Altman, faces a legal dispute with Elon Musk over alleged deviations from its original objectives.
AnaisWorldcoin's token value surged after launching Sora, an AI model for video generation. The project aims to provide global identity inclusion through blockchain, facing competition and privacy concerns amidst its rapid growth.
WeatherlyWorldcoin's WLD token drops 6% to $1.91 after co-founder Sam Altman's departure due to alleged communication dishonesty. Altman's exit leads to a 12.83% 24-hour decline, and Worldcoin remains silent on his current status.
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