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▲ Worldcoin (WLD), Sam Altman / AI Generated Image
Worldcoin (WLD) fell by approximately 10% during trading on April 18, dropping to the $0.28 level. Although the human authentication technology championed by OpenAI CEO Sam Altman expanded to major platforms, the market reaction was a sharp price drop. NewsBTC reported that Worldcoin moved contrary to the bullish trend in the broader cryptocurrency market that day.
According to reports, Zoom and DocuSign have joined as the latest companies to adopt World's identity verification system. Tinder has also started applying World ID for its US users. The relevant announcement was made on April 17, and on the same day, the price of Worldcoin fell sharply.
At the core of World is a device called Orb. The Orb is designed to scan a user's iris to create a unique digital identity, thereby verifying that they are a real human. The company explains that authentication occurs without storing or exposing personal data. The generated identity information is connected to external platforms via World ID.
Zoom is utilizing this technology for its deepfake authentication feature, which identifies and blocks deepfakes during video calls. DocuSign is applying World's identity verification to electronic contracts. NewsBTC pointed out that the spread of generative AI has made it difficult to distinguish between humans and machines, and the risk of fraud using synthetic identities has also increased, which served as the background for the adoption of these two services. World stated in a statement, “As AI agents increasingly act on behalf of real people, infrastructure that proves there is a human behind each agent is becoming crucial.”
World also revamped its account system. It added key recovery features and multi-device support to make authentication information easier to use across multiple platforms. In March, Coinbase also announced that it would use World's AgentKit in its x402 micropayment protocol. AgentKit is a developer tool that connects AI agents with verified human identities.
However, privacy concerns still remain. NewsBTC reported that worries about data security and misuse risks are growing when large-scale iris data is concentrated in a single private company. The potential for its use as a surveillance tool has also been identified as a key issue. Worldcoin is a token used in the World network, which users can receive after verifying their identity via the Orb and can also use for transactions within the ecosystem.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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