Worldcoin, the crypto project co-created by OpenAI’s Sam Altman, is steadily gaining momentum towards the launch of its hotly anticipated token. Today, Worldcoin announced the launch of a self-custodial mobile app, dubbed World App, that will give users a way to manage their World ID, an online identity protocol, and an array of cryptocurrencies. The launch of the app has already brought huge success, with 1.5 million users already signed up and 60,000 daily transactions logged.

The World App is available for download in over 80 countries and is powered by a variety of crypto firms, projects and tools such as Uniswap for exchanging tokens, ENS usernames for directing transfers, Ramp, and MoonPay for off and on-ramps. The minimalist design of the app is engineered to maximize user inclusivity and features the ‘essential functionalities’ of Worldcoin and Ethereum ecosystems. The World App is available on iOS and Android, can be localized to multiple languages, and requires phones no more than 10 years old, being only 18MB in size.

Worldcoin’s value was valued at $3 billion earlier this year after earning $100 million from Khosla Ventures and a16z in March. Rumors are also circulating regarding an additional fundraising round, set to take place at the same valuation.

The goal of Worldcoin is to bring digital financial services and online personhood to those from all backgrounds, enabling users to “claim their share of the coin by getting scanned by the Worldcoin orb”. According to Tiago Sada, Head of Product, Engineering and Design at Tools For Humanity, Worldcoin’s lead software contributor, what sets World App unique from other wallets is that it has eliminated the need for users to pay for gas fees, as these are taken care of by Tools For Humanity. Furthermore, Sada anticipates introducing fees in the form of a few basis points for each transaction in the future.

The launch of the World App and later Worldcoin’s token is sure to bring the project and its user population to the next level in terms of secure and private identification, allowing people from all different walks of life to access the various benefits that come with the decentralization of digital identification and money.



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