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- Worldcoin (WLD) records an interesting surge as the team announces a significant update to its protocol and integration with platforms.
- According to reports, interest in proof of personhood technologies is rising as Worldcoin hit 2.5 million verifications as of November this year from under a million verifications in January.
Worldcoin (WLD) is currently trading at $2.60, after surging by 0.36% in the last 24 hours. Its weekly run is also positive with a gain of 3.8%. This asset has surged by 70.44%, adding $1.07 to its previous price. The price reaction follows a report that Worldcoin has announced a significant update to its protocol and integrations with platforms such as “Reddit, Telegram, Minecraft, Shopify, and Mercado Libre.” The project is dubbed “World ID 2.0,” and is described as “a more powerful, privacy-preserving humanness” digital passport with interesting integrations and new features.
World ID 2.0 is reportedly expanding the capabilities of the existing features by making it easier to separate humans and bots online. The need to differentiate human and AI-generated content online comes with the growing advancement of artificial intelligence programs. It was recently reported that $100 billion is lost every year to frauds, bots, etc. by retailers.
World ID aims to provide a decentralized digital identity layer that enables anonymous actions for the benefit of every unique human online. With the humanness digital passport, individuals can verify to an app or service that they are human without disclosing their identity, and brands can ensure that their offerings and services are being used as intended. World ID 2.0 also offers new verification levels to provide developers choice when implementing humanness verification requirements into their apps or services.
More on the Latest Update of Worldcoin
With the latest Integration with the likes of Shopify, Telegram, Minecraft, Reddit, and Mercado Libre, Worldcoin would make it easier for users to verify their identity. According to reports, 5 million people currently have World ID worldwide. So far, 2.5 million have been able to verify their identity to be able to take full advantage of the World ID. The World ID 2.0 enables individuals to utilize the project based on their security needs. To obtain it, individuals would have to download a compatible wallet.
World App can support 94.5 percent of iOS and 98 percent of Android smartphones. The initial verification is said to prove a baseline level of protection with device authentication. The Orb-verified World ID also offers an enhanced utility for application that demands higher security and verification.
With its new verification levels, World ID 2.0 introduces more ways for people to use their World ID based on the security needs of the application and to ensure individuals are not sharing more information than they need or want for a given application. From device verification for high convenience and accessibility all the way to Orb verification with additional face authentication for high-security use cases, there’s now a way for everyone to use their World ID even if they haven’t yet had the opportunity to verify at an Orb.
Over the years, proof of personhood technologies like Worldcoin ID has been in high demand as World ID verifications saw a surge to 2.5 million as of the end of November 2023 from under a million at the beginning of the year.
