Worldcoin is back in the spotlight after facing criticism from China, which described the project's data collection efforts as a national security threat. Nonetheless, statistics show that the project continues to grow.
Worldcoin's Criticism: A Security Threat
China has once again criticized Worldcoin for its data collection strategy, labeling it a national security threat. This is not the first time the project has faced criticism; in 2024, Worldcoin was banned in multiple countries for violating privacy laws. The latest remarks from China underscore the risks associated with creating a global digital identifier and the potential threats to sovereignty.
Worldcoin's Growth: Data and Facts
Despite the criticism, Worldcoin continues to show growth. In the past 8 weeks alone, the project has attracted 1.8 million new verified users. Data indicates that growth could have been more significant if there were more available 'orbs,' as slightly over 1,800 orbs are currently deployed worldwide. Additionally, Worldcoin's mini-app ecosystem has seen significant activity, with more than 150 new apps added, doubling previous figures from earlier months.
WLD's Prospects and Market
While privacy concerns loom, the growth figures could signal a positive future for WLD, the project's native token. With a historic peak of $11.88 in March 2024, the token is currently trading at $0.95, reflecting a 92% drop. In recent months, the supply of WLD tokens has significantly increased, adding further pressure to the price. However, the combination of low pricing and increased user activity may attract investors' attention.
China's criticism presents additional challenges for Worldcoin, yet the increase in user numbers and engagement data suggests that the project still holds potential for further development.
