{"id":8390,"date":"2023-11-02T00:44:15","date_gmt":"2023-11-02T00:44:15","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/worldcoins-world-app-hits-1m-mau-six-months-after-launch\/"},"modified":"2023-11-02T00:44:16","modified_gmt":"2023-11-02T00:44:16","slug":"worldcoins-world-app-hits-1m-mau-six-months-after-launch","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=8390","title":{"rendered":"Worldcoin&#8217;s World App Hits 1M MAU Six Months After Launch"},"content":{"rendered":"<div>\n<figure id=\"attachment_125368\" aria-describedby=\"caption-attachment-125368\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-125368\" class=\"wp-caption-text\"><em>Source: Worldcoin<\/em><\/figcaption><\/figure>\n<p>Six weeks after its launch, Worldcoin\u2019s crypto wallet app, the World App, has reached over one million active users (MAUs) and achieved over four million downloads.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">World App has topped 4 million downloads in 6 months, making it one of the most popular hot wallets in the world.  https:\/\/t.co\/GTq5RmGUPl<\/p>\n<p>\u2014 Worldcoin (@worldcoin) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/worldcoin\/status\/1719701191100149856?ref_src=twsrc%5Etfw\">November 1, 2023<\/a><\/p>\n<\/blockquote>\n<p>In an official announcement on November 1, World App recorded 100K+ daily active users and 500K weekly active users. Monthly users have doubled in the last six months to 1 million.<\/p>\n<p>Tools for Technology (TFT), the development and management team behind World App, cited that active users have processed over 22 million transactions with the self-custodial wallet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">World App now has more than 1 million monthly active users, 4 million downloads and 22 million transactions. Not bad for six months \ud83e\udee1 <a rel=\"nofollow\" href=\"https:\/\/t.co\/pagXxTfc8E\">pic.twitter.com\/pagXxTfc8E<\/a><\/p>\n<p>\u2014 Tools For Humanity (@tfh_technology) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/tfh_technology\/status\/1719700169669624212?ref_src=twsrc%5Etfw\">November 1, 2023<\/a><\/p>\n<\/blockquote>\n<p>This growth is mostly due to the app\u2019s recent update, which made transactions more scalable and cheaper for users.\n<\/p>\n<h2>Worldcoin Utilities Broadens Amidst Global Scrutiny<\/h2>\n<p>\nAfter three years in the testnet and development stages, Worldcoin officially launched on July 24, 2023.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Worldcoin project is now live. <a rel=\"nofollow\" href=\"https:\/\/t.co\/xZXG4w56Ps\">pic.twitter.com\/xZXG4w56Ps<\/a><\/p>\n<p>\u2014 Worldcoin (@worldcoin) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/worldcoin\/status\/1683372181428793344?ref_src=twsrc%5Etfw\">July 24, 2023<\/a><\/p>\n<\/blockquote>\n<p>Co-founded by OpenAI CEO Sam Altman, the platform announced its plans to provide users with a verified digital identity, crypto token, and a robust wallet app.<\/p>\n<p>The announcement of the digital ID platform sent waves of criticism from crypto enthusiasts and major decentralized finance (DeFi) players.<\/p>\n<p>Jack Dorsey, the ex-CEO of Twitter (now X), downplayed the platform goals as vulnerable and unattainable.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#8220;Worldcoin is an attempt at global scale alignment\u2026&#8221;<\/p>\n<p>cute https:\/\/t.co\/VbsX3KcKds<\/p>\n<p>\u2014 jack (@jack) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/jack\/status\/1683378613822042116?ref_src=twsrc%5Etfw\">July 24, 2023<\/a><\/p>\n<\/blockquote>\n<p>Yan, the co-founder of Swan\u2019s crypto investment platform, also iterated that the idea of Worldcoin was geared toward a scam structure.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not a single positive reply to this scam announcement. https:\/\/t.co\/IXIv2pstJE<\/p>\n<p>\u2014 Yan | swan.com (@skwp) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/skwp\/status\/1683599142457671681?ref_src=twsrc%5Etfw\">July 24, 2023<\/a><\/p>\n<\/blockquote>\n<p>The digital identity platform scaled through early criticisms to provide intrinsic use cases for traders and investors.<\/p>\n<p>On May 8, the platform introduced its first-ever crypto wallet, World App, designed to enable users to access and store its native crypto, WLD, and other Ethereum assets seamlessly through digital identity.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">On Monday, we announced the launch of World App, the first Worldcoin wallet built by <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/tfh_technology?ref_src=twsrc%5Etfw\">@tfh_technology<\/a>.https:\/\/t.co\/aAKpuu4fi4<\/p>\n<p>\u2014 Worldcoin (@worldcoin) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/worldcoin\/status\/1657408862511570947?ref_src=twsrc%5Etfw\">May 13, 2023<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<figure id=\"attachment_125364\" aria-describedby=\"caption-attachment-125364\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-125364\" class=\"wp-caption-text\"><em>Source: Worldcoin Website<\/em><\/figcaption><\/figure>\n<p>To maximize inclusivity, the digital ID platform enabled users to customize their wallet app to preferred languages and supported active smartphones (compatible with 98.2% of Androids and 94.5% of iPhones).<\/p>\n<p>Worldcoin also made their app cost-effective through a Layer 1 and 2 gas fee structure.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Worldcoin project contributors have developed &amp; open sourced an optimization technique that modifies the Golang contract template of the Groth16 proof verifier in the gnark library to optimize the verifier for both L1 &amp; L2 gas consumption. https:\/\/t.co\/p1tUnqQJSf<\/p>\n<p>\u2014 Worldcoin (@worldcoin) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/worldcoin\/status\/1704517237678227628?ref_src=twsrc%5Etfw\">September 20, 2023<\/a><\/p>\n<\/blockquote>\n<p>While the mobile wallet functionalities are impressive, global scrutiny continues to fuel up from the government and regulators from the United Kingdom, France, Argentina, and Germany.<\/p>\n<p>Kenya is the latest country to suspend the digital identity platform based on rising concerns about data collation practices via orbs.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Joint Statement by CA and <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ODPC_KE?ref_src=twsrc%5Etfw\">@ODPC_KE<\/a> on operations of <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Worldcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Worldcoin<\/a> in Kenya.  <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ikassait?ref_src=twsrc%5Etfw\">@ikassait<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ezraCHILOBA?ref_src=twsrc%5Etfw\">@ezraCHILOBA<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ntvkenya?ref_src=twsrc%5Etfw\">@ntvkenya<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/StandardKenya?ref_src=twsrc%5Etfw\">@StandardKenya<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/citizentvkenya?ref_src=twsrc%5Etfw\">@citizentvkenya<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/KBCChannel1?ref_src=twsrc%5Etfw\">@KBCChannel1<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/K24Tv?ref_src=twsrc%5Etfw\">@K24Tv<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/KTNNewsKE?ref_src=twsrc%5Etfw\">@KTNNewsKE<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/MoICTKenya?ref_src=twsrc%5Etfw\">@MoICTKenya<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/EliudOwalo?ref_src=twsrc%5Etfw\">@EliudOwalo<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ekisiangani?ref_src=twsrc%5Etfw\">@ekisiangani<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/PeopleDailyKe?ref_src=twsrc%5Etfw\">@PeopleDailyKe<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TheStarKenya?ref_src=twsrc%5Etfw\">@TheStarKenya<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CapitalFMKenya?ref_src=twsrc%5Etfw\">@CapitalFMKenya<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/tv47news?ref_src=twsrc%5Etfw\">@tv47news<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/NationAfrica?ref_src=twsrc%5Etfw\">@NationAfrica<\/a> <a rel=\"nofollow\" href=\"https:\/\/t.co\/bx2IkjFqOe\">pic.twitter.com\/bx2IkjFqOe<\/a><\/p>\n<p>\u2014 Communications Authority of Kenya (CA) (@CA_Kenya) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CA_Kenya\/status\/1686718736940580864?ref_src=twsrc%5Etfw\">August 2, 2023<\/a><\/p>\n<\/blockquote>\n<p>Worldcoin uses the orbs device to enable users to scan their eyeballs (retinas) as a verification method before they can obtain a digital ID and earn WLD tokens as rewards.<\/p>\n<p>The platform has iterated that it either deletes or securely encrypts users\u2019 data and aims to protect and cooperate with regulatory authorities.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/worldcoins-world-app-hits-1m-mau-six-months-after-launch.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Worldcoin Six weeks after its launch, Worldcoin\u2019s crypto wallet app, the World App, has reached over one million active users (MAUs)&#8230;<\/p>\n","protected":false},"author":1,"featured_media":8391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-8390","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Worldcoin&#039;s World App Hits 1M MAU 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