Stock Point
2 min readJul 31, 2023

Worldcoin Adoption Said to Be Accelerating; Sam Altman States ‘One Person Getting Verified Every 8 Seconds’

Worldcoin, a project that aims to become a digital decentralized ID that will serve to deploy a Universal Basic Income (UBI) system with Sybil protections, is seeing more interest from potential users, according to statements from its team. The project launched officially on July 24 after more than three years of development, and it is currently ramping up its presence in different parts of the world. Photos of the iris scanning devices, called “Orbs,” have been shown on Worldcoin’s social media accounts.

Sam Altman, CEO of Openai and co-founder of Worldcoin, posted a video on social media showing users waiting in line to be signed up using an Orb to verify their identities. Altman stated there were “crazy lines around the world,” declaring that one person was getting verified every 8 seconds. Due to the supposed high level of demand, Worldcoin is now allowing users to reserve their genesis airdrop of 25 WLD, the native token of the protocol, and be verified later to obtain it. However, reports indicate this demand might not be as high as Altman states. For example, a recent article published on SCMP declares only a few hundred participants registered in Hong Kong on Monday and Tuesday.

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