- WorldID verification doubled despite increasing scrutiny of the project.
- The daily trading volume of WLD dropped and sentiment tilted negative.
Despite several controversies surrounding the project, Worldcoin [WLD] registered a 100% increase in ID verifications in the last seven days. According to the project’s official blog, the milestone occurred as a result of the additional rollout of Orbs.
Realistic or not, here’s WLD’s market cap in BTC terms
For context, the Orb is Worldcoin’s eye-scanning technology used to create a WorldID in exchange for the project’s WLD token. So, the surge in verification implied an increase in global demand for WLD.
Are users ignoring the concerns?
Beyond the increase in WorldID verification, Wordlcoin noted that there was a notable surge in the WorldApp usage and account creation on the platform. The project also mentioned that it took a whopping seven months to double verifications before this latest one saying that,
“What’s noteworthy here is that the rate of World ID verifications had already doubled once in 2023. Between January and July, World ID sign-ups went from one million to two million in less than half the time it took to reach the first million.”
Unfortunately, the rise in adoption has not triggered a change in sentiment. Previously, the probe by countries including France, Kenya, and Germany reversed the positive aura around WLD.
According to Santiment, WLD’s w
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Author: Victor Olanrewaju
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