Key Points:
- Worldcoin’s World App, co-founded by OpenAI CEO Sam Altman, surpasses one million wallets and reaches 1,015,783, with 346,568 holding WLD tokens.
- Worldcoin’s FDV skyrockets to over 30 billion USD after launching the WLD token, sparking community interest and FOMO.
- The World App acts as a secure decentralized identity and financial network, providing a unique ID and crypto wallet supporting various cryptocurrencies, promising privacy and efficient humanness verification online.
Worldcoin’s World App, a revolutionary project co-founded by OpenAI CEO Sam Altman, is making significant strides in the digital world, with its recent launch garnering impressive numbers and global attention. The system promises a secure and private means of proving one’s humanness online, and its popularity has been soaring since its inception.
According to data from Dune, the number of World App wallets has surged past the one million mark and currently stands at an impressive 1,015,783. It’s worth noting that this figure excludes pre-release wallets that have yet to be migrated to Optimism.
Furthermore, among these wallets, a substantial 346,568 of them are holding WLD tokens.
Worldcoin, co-founded by Sam Altman alongside Alex Blania and Max Novendstern, is not merely a cryptocurrency; it goes beyond that definition. The founders describe it as a global decentralized identity and financial network encompassing a unique ID, a cryptocurrency (WLD), and a multi-functional app.
A significant milestone was reached on July 24, when Worldcoin launched the WLD token and listed it on multiple exchanges. Remarkably, the project‘s fully diluted valuation (FDV) has exceeded $30 billion, a substantial leap from its $3 billion valuation in March 2023. This remarkable growth has piqued the interest of the crypto community, fueling the Fear of Missing Out (FOMO).
However, after experiencing a volatile debut on mainstream cryptocurrency exchanges, the price of Worldcoin’s WLD token has stabilized. On its launch day, the token saw an impressive 175% surge, reaching $5.26. However, it subsequently experienced a 70% decline from its peak.
World App, the cornerstone of Worldcoin’s ecosystem, plays a pivotal role in storing users’ World IDs and offering a range of decentralized finance (DeFi) applications. Users’ credentials are safely stored within the app, which they can use to verify their humanness across various third-party applications. Additionally, the app functions as a crypto wallet, currently supporting Bitcoin, Ethereum, USDC, and WLD, with plans to include more cryptocurrencies in the future.
With Worldcoin’s World App gaining momentum and promising a secure, private, and efficient way to prove one’s identity online, the project continues to attract global interest and shape the future of decentralized finance and digital identity verification. As the platform expands its offerings and functionalities, it aims to revolutionize the way people interact with and utilize digital identities and cryptocurrencies worldwide.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/207289-number-of-world-app-exceeds-1m/