Worldcoin co-founder claimed that in Japan, a new user is registered "every 8 seconds."
In the face of ongoing rumors about Worldcoin's diminishing global appeal, co-founder Sam Altman presented a counter-narrative.
On July 26th, the man took to X to share footage from Japan showcasing a robust interest in the blockchain project, where individuals are willingly queuing to exchange their iris scans for 25 Worldcoin (WLD) tokens.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
Bullish vs Bearish Markets: How to Predict it? (Animated)
To qualify, participants are asked to provide their identity via an iris scan on the device called Orb. The apparatus collects biometric data and subsequently assigns a unique World ID to users. Upon the launch, Orbs are distributed in 200 locations around the world.
Shortly after the launch, the news broke that in Hong Kong, with three Orbs set up, the first day saw only 600 sign-ups.
To counter these arguments, Altman seemingly posted a response on his X account, shedding light on the rate of enrollments. In his post, Altman claimed that a new person is verified "every 8 seconds."
This uptick in Worldcoin registrations, while suggestive of a trend towards broader cryptocurrency acceptance, has sparked concerns among prominent figures like Ethereum co-founder Vitalik Buterin. They argue that such a system could be potentially disruptive to the fundamental principles, such as privacy, accessibility, and decentralization, that underpin the crypto sphere.
Moreover, Worldcoin could face potential legal hurdles with data regulations in the UK. The Information Commissioner's Office (ICO) is purportedly apprehensive about privacy and biometric data control.
Worldcoin's co-founder Sam Altman defended the blockchain project, illustrating the varied global reactions. While Japan's enthusiasm is evident, not all regions share the same response, as looming data regulation challenges continue to exist.
