World Achieves Milestone: 10 Million Verified Users and PioneeriWorld Achieves Milestone: 10 Million Verified Users and Pioneering Innovations
The World project, formerly known as Worldcoin, continues to break barriers in the realm of digital identity and blockchain technology. Spearheaded by OpenAI CEO Sam Altman, the initiative has surpassed a significant milestone: over 10 million verified users globally. As artificial intelligence reshapes our digital interactions, World’s ability to authenticate human identity through its innovative iris-scanning technology has become a cornerstone of trust in an increasingly automated world.
Key Milestones in 2024
A New World Event: Pioneering Updates Unveiled
In October 2024, World hosted its landmark event, aptly named “A New World,” in San Francisco. The event brought together a global audience of developers, technologists, and enthusiasts, unveiling cutting-edge advancements:
- Nvidia-powered Orb: A new generation of verification hardware.
- World App 3.0: Featuring Mini Apps for expanded functionality.
- World ID 3.0: Enhanced with Credentials, offering more dynamic identity solutions.
- Rebranding to World: A fresh identity aligning with its global mission.
This event underscored World’s commitment to merging technology with community-driven growth.
Breakthrough in Anonymization: SMPC and AMPC
In early 2024, World launched Secure Multi-Party Computation (SMPC), revolutionizing data privacy by encrypting and fragmenting personal data across multiple trusted parties. By mid-year, the project advanced to Anonymized Multi-Party Computation (AMPC), ensuring complete disassociation of encrypted data from any affiliated organizations. This leap set new standards for security and digital privacy.
World Chain: A Human-First Blockchain
Responding to its rapid growth, World introduced World Chain, a Layer 2 blockchain, in April 2024. Designed to prioritize human transactions, it introduced:
- Priority Blockspace for Humans (PBH): Offering frictionless, top-of-block transaction execution.
- Free Gas Allowance: Incentivizing human participation by reducing transaction costs.
- Developer Opportunities: Simplifying the integration of digital identity and financial layers through World ID and World App wallet.
By October, World Chain had cemented its status as the blockchain for real humans, driving unparalleled adoption and utility.
Global Expansion
World Network’s footprint expanded dramatically in 2024, with verification services launching in countries like Austria, Brazil, Malaysia, and Poland. The introduction of the World ID Passport Credential pilot further democratized access, enabling participation from hundreds of millions globally. By December, World’s Mini Apps achieved nearly 5 million daily opens and over 8 million daily impressions, fueling a virtuous cycle of developer engagement and user growth.
Technical Analysis of MIL:WLD
MIL:WLD has shown resilience despite navigating a weaker trend channel. At the time of writing, the token is trading at $1.79, reflecting a modest 1.79% gain. However, technical indicators reveal mixed signals:
- RSI at 41.60: Suggesting an oversold region, signaling potential buying opportunities.
- Falling Wedge Formation: Persisting for over a month, this pattern often precedes a bullish breakout.
- Key Support Level: Extreme selling could push MIL:WLD to its critical support at $1.58.
The market’s next moves will likely hinge on broader sentiment shifts and further developments from World.
Conclusion
World’s journey from Worldcoin ( MIL:WLD ) to a global identity and blockchain pioneer reflects its transformative impact on the digital ecosystem. With a robust foundation of 10 million verified users, ground-breaking technological advancements, and a human-first approach, World is well-positioned to lead the charge in 2025 and beyond. Traders eyeing MIL:WLD should monitor both technical patterns and the project’s ongoing innovations for potential opportunities in this evolving landscape.
