{"id":79571,"date":"2023-11-01T20:48:40","date_gmt":"2023-11-02T00:48:40","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/worldcoins-world-app-hits-1m-mau-six-months-after-launch\/"},"modified":"2023-11-01T20:48:45","modified_gmt":"2023-11-02T00:48:45","slug":"worldcoins-world-app-hits-1m-mau-six-months-after-launch","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=79571","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) and achieved over four million downloads. 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 \u2014 Worldcoin (@worldcoin) November [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":79572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-79571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Worldcoin&#039;s World App Hits 1M MAU Six Months After Launch | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Worldcoin Six weeks after its launch, Worldcoin\u2019s crypto wallet app, the World App, has reached over one million active users (MAUs) and achieved\" \/>\n<meta name=\"robots\" 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