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🌐 Worldcoin turns one year old: Controversy and growth 🚀

A year ago, on July 24, 2023, Worldcoin arrived with a futuristic vision: a global digital identity and a universal financial system. Founded by Sam Altman, CEO of OpenAI, the project uses iris biometric data to create a unique digital identity, backed by the native Worldcoin (WLD) token.

A Year of Contrasts: Innovation and Controversy 🔍

Worldcoin promises to revolutionize with use cases such as distinguishing humans from AI robots and distributing a universal basic income. However, the collection of biometric data has raised privacy concerns. Despite this, the World App, Worldcoin's wallet, has reached 10 million users in 160 countries, processing more than 70 million transactions.

Growth Despite Challenges 🚀

Worldcoin has launched ambitious initiatives, including the deployment of 1,500 iris scanning “orbs.” However, it faces regulatory challenges in countries such as Hong Kong, Spain, Portugal and Kenya, which have suspended operations due to privacy concerns.

Future of Decentralized Identity 🌍

Despite the challenges, the decentralized identity solutions market is booming, with expected growth of 90.3% between 2023 and 2030. Worldcoin is at a crucial crossroads: it will need to overcome regulatory hurdles and maintain user trust to comply. his vision of a truly global identity system.

Follow the evolution of Worldcoin and the digital identity revolution!

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