Sam Altman-backed Worldcoin is a startup that aims to build the “world’s largest identity and financial network as a public utility.”

Worldcoin, a startup aiming to create a large identity and financial network, has reached two million sign-ups for its World ID system. The company has more than doubled its user base since January, and in less than half the time it took to reach the one million mark.

The World ID protocol requires special hardware devices called Orbs (pictured), which scan users’ irises to establish their uniqueness and humanness. Several cities around the world have been provided with these devices for users to register. (Bitcoin News)

The company, which has the support of Sam Altman, co-founder of OpenAI, stated that the sign-ups originated from various cities including Barcelona, Berlin, Buenos Aires, New York, Seoul, and Tokyo, and resulted during a “world tour” announced in May.

Worldcoin plans to increase the availability of Orbs in response to growing demand. The World ID protocol is being integrated into other apps, and Auth0 has developed a plugin for easy integration. Additionally, Talent Protocol, a Web3 developer social platform, has included World ID as a method of verification.

Worldcoin’s World App, launched in May, serves as a wallet and supports the World ID protocol, enabling users to receive Worldcoin tokens as a form of universal basic income.

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