{"id":544614,"date":"2023-07-27T12:00:49","date_gmt":"2023-07-27T12:00:49","guid":{"rendered":"https:\/\/wncen.com\/?p=544614"},"modified":"2024-06-11T08:08:54","modified_gmt":"2024-06-11T08:08:54","slug":"worldcoin-wld-signups-dwindle","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/worldcoin-wld-signups-dwindle\/","title":{"rendered":"Short-Lived Hype: Worldcoin (WLD) Signups Dwindle Less Than A Week After Launch"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Newly-launched project Worldcoin has failed to achieve significant progress as signups for the platform\u2019s \u2018Digital ID\u2019 continues to dwindle since launching on July 24.\u00a0<\/span><\/p>\n<h2>What Is Wrong With Worldcoin?<\/h2>\n<p><span style=\"font-weight: 400\">Controversies surrounding the project and reservations like privacy concerns have brought about skepticism and reluctance to sign up on the platform. As part of the sign-up process, users must scan their iris using \u201cThe Orb,\u201d available at designated locations worldwide. Once the user is verified as human, they receive the \u201cWorld ID\u201d alongside 25 WLD, the project\u2019s native token, worth roughly $60.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/crypto\/judge-declares-crypto-is-personal-property\/?swcfpc=1\">Singaporean Judge Declares Crypto Is Personal Property In ByBit Case<\/a><\/div>\n<p><span style=\"font-weight: 400\">Many have questioned how safe it is to use \u201cThe Orb\u201d and how the project will handle such sensitive data, with prominent figures like Twitter\u2019s former CEO Jack and Ethereum\u2019s co-founder Vitalik Buterin expressing their concerns.\u00a0<\/span><\/p>\n<h2>Stark Difference Between Pre-Launch And Post-Launch Figures<\/h2>\n<p><span style=\"font-weight: 400\">Worldcoin saw an impressive <\/span><a href=\"https:\/\/twitter.com\/worldcoin\/status\/50386944?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">2 million sign-ups<\/span><\/a><span style=\"font-weight: 400\"> before the project\u2019s launch. However, there seems to be a stark difference between the pre-launch and post-launch numbers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Hong Kong was one of the cities with the most number of sign-ups. The <\/span><a href=\"https:\/\/www.scmp.com\/tech\/tech-trends\/article\/3228973\/chatgpt-creators-iris-scanning-crypto-project-signs-hundreds-users-hong-kong-amid-controversy?module=live&amp;pgtype=homepage\" rel=\"nofollow\"><span style=\"font-weight: 400\">South China Morning Post<\/span><\/a><span style=\"font-weight: 400\"> reported that the three designated locations in Hong Kong saw a combined total of about 600 sign-ups on the first day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the report, Heather Huang, an operator of one of the Orbs in the city, asserted that the 600 sign-ups accounted for almost half of the total Worldcoin sign-ups on launch day. <\/span><\/p>\n<p><span style=\"font-weight: 400\">If 600 sign-ups represent half of the total sign-ups on the first day, that will invariably mean only about 1,200 people signed up on launch day &#8211; a not-so-impressive figure compared to how many Worldcoin claims signed up pre-launch.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/zrH3v2G1\/\" alt=\"Worldcoin (WLD) price chart from TradingView.com\" width=\"2884\" height=\"1758\"><\/p>\n<pre style=\"text-align: center\">WLD trails $2.2 as skepticism mounts | Source: <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">WLDUSD on TradingView.com<\/a><\/pre>\n<h3><b>Worldcoin\u2019s Co-Founder Reacts<\/b><\/h3>\n<p><span style=\"font-weight: 400\">In what may be a direct response to the alleged dwindling signups, Worldcoin\u2019s co-founder and Open AI CEO Sam Altman <\/span><a href=\"https:\/\/twitter.com\/sama\/status\/08098565?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">tweeted<\/span><\/a><span style=\"font-weight: 400\"> a video of many users queuing to sign up at what looks like one of the designated locations of \u201cThe Orb.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">He <\/span><a href=\"https:\/\/twitter.com\/sama\/status\/08098565?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">posted<\/span><\/a><span style=\"font-weight: 400\"> the video with the caption:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">D<\/span><span style=\"font-weight: 400\">ay 3 of<\/span><a href=\"https:\/\/twitter.com\/worldcoin\" rel=\"nofollow\"> <span style=\"font-weight: 400\">@worldcoin<\/span><\/a><span style=\"font-weight: 400\"> launch, crazy lines around the world. one person getting verified every 8 seconds now<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Many Twitter users were quick to react to the video, with some going as far as to suggest that users who were signing up were simply doing it for the money (the 25 WLD tokens users receive upon sign-up) without being aware of the repercussions.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/blockchain\/layerzero-significant-milestone-airdrop\/?swcfpc=1\">LayerZero Crosses This Significant Milestone, But Is An Airdrop Coming?<\/a><\/div>\n<p><span style=\"font-weight: 400\">A particular user (@_whitneywebb) <\/span><a href=\"https:\/\/twitter.com\/_whitneywebb\/status\/32876800?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">tweeted<\/span><\/a><span style=\"font-weight: 400\">: <\/span><span style=\"font-weight: 400\">\u201cOne person is willing to sell their soul every 8 seconds for a shitcoin and a cattle tag. Extreme clown world alert.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Amid the mounting skepticism, WLD\u2019s price has declined 6% to trade at $2.22 at the time of this writing, Coinmarketcap <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/worldcoin-org\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> shows.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Analytics Insight, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Newly-launched project Worldcoin has failed to achieve significant progress as signups for the platform\u2019s \u2018Digital ID\u2019 continues to dwindle since launching on July 24.\u00a0 What Is Wrong With Worldcoin? Controversies surrounding the project and reservations like privacy concerns have brought about skepticism and reluctance to sign up on the platform. As part of the sign-up process, users must scan their iris using \u201cThe Orb,\u201d available at designated locations worldwide. Once the user is verified as human, they receive the \u201cWorld ID\u201d alongside 25 WLD, the project\u2019s native token, worth roughly $60.\u00a0 Related Reading: Singaporean Judge Declares Crypto Is Personal Property In ByBit Case Many have questioned how safe it is to use \u201cThe Orb\u201d and how the project will handle such sensitive data, with prominent figures like Twitter\u2019s former CEO Jack and Ethereum\u2019s co-founder Vitalik Buterin expressing their concerns.\u00a0 Stark Difference Between Pre-Launch And Post-Launch Figures Worldcoin saw an impressive 2 million sign-ups before the project\u2019s launch. However, there seems to be a stark difference between the pre-launch and post-launch numbers. Hong Kong was one of the cities with the most number of sign-ups. The South China Morning Post reported that the three designated locations in Hong Kong saw a combined total of about 600 sign-ups on the first day.\u00a0 According to the report, Heather Huang, an operator of one of the Orbs in the city, asserted that the 600 sign-ups accounted for almost half of the total Worldcoin sign-ups on launch day. If 600 sign-ups represent half of the total sign-ups on the first day, that will invariably mean only about 1,200 people signed up on launch day &#8211; a not-so-impressive figure compared to how many Worldcoin claims signed up pre-launch. WLD trails $2.2 as skepticism mounts | Source: WLDUSD on TradingView.com Worldcoin\u2019s Co-Founder Reacts In what may be a direct response to the alleged dwindling signups, Worldcoin\u2019s co-founder and Open AI CEO Sam Altman tweeted a video of many users queuing to sign up at what looks like one of the designated locations of \u201cThe Orb.\u201d\u00a0 He posted the video with the caption: Day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now Many Twitter users were quick to react to the video, with some going as far as to suggest that users who were signing up were simply doing it for the money (the 25 WLD tokens users receive upon sign-up) without being aware of the repercussions. Related Reading: LayerZero Crosses This Significant Milestone, But Is An Airdrop Coming? A particular user (@_whitneywebb) tweeted: \u201cOne person is willing to sell their soul every 8 seconds for a shitcoin and a cattle tag. Extreme clown world alert.\u201d Amid the mounting skepticism, WLD\u2019s price has declined 6% to trade at $2.22 at the time of this writing, Coinmarketcap data shows. Featured image from Analytics Insight, chart from TradingView.com<\/p>\n","protected":false},"author":594,"featured_media":544621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88685,88714,88686,83778,88713],"class_list":["post-544614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-wld","tag-wld-price","tag-wld-token","tag-worldcoin","tag-worldcoin-signups"],"acf":[],"yoast_head":"\n<title>Short-Lived Hype: Worldcoin (WLD) Signups Dwindle Less Than A Week After Launch<\/title>\n<meta name=\"description\" content=\"Newly-launched project Worldcoin has failed to achieve significant progress as signups for the platform\u2019s \u2018Digital ID\u2019 continues to dwindle since\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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