Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Worldcoin (WLD) Reaches New Important Milestones: Report

Published 2023-12-28, 11:43 a/m
© Reuters.  Worldcoin (WLD) Reaches New Important Milestones: Report
MSFT
-
WRLD
-

U.Today - Chinese crypto journalist Colin Wu has taken to the Twitter/X social media platform to share the news about launched by the founder and chief executive of OpenAI, Sam Altman, earlier this year.

He spread the word about the important milestones reached by Worldcoin recently and a major update the company made about World ID verification.

Worldcoin’s recent updates and records

According to a blog post published by Worldcoin, the World ID verification now has a new location where it can be carried out using Worldcoin’s hardware gadget Orb – tech hub Singapore. Still, at the same time, Worldcoin has eliminated such an opportunity for India, France and Brazil, depriving customers from these countries of a chance to conduct this verification.

The important milestone mentioned above is the fact that the World App wallet compatible with World ID has reached a peak of more than five million downloads as it now boasts nearly 2 million monthly active users.

Worldcoin teams up with Minecraft game

According to a , Mojang, the company that created the mega popular computer game Minecraft, has begun collaborating with Microsoft (NASDAQ:MSFT) and Worldcoin, getting these tech giants’ help in improving the digital security of its game using blockchain.

World ID has now been integrated into the game, thus ensuring a unique way to for a secure digital verification of players. World ID is a system of digital identity created by and it is meant to turn online gaming into a safer process than it is now. It will help players to securely verify their identities while playing. This means that they will no longer have to use regular credentials and a password for logging into the game but will utilize World ID instead.

The impact is expected to be much wider than just Minecraft, the integration of World ID is expected to make the whole space of online gaming secure what with multiple hacks, cyber threats happening these days. World ID is supposed to keep users’ digital identities safe and authenticated, while playing.

Every World ID can be applied only to one player, thus eliminating the issue of managing several accounts and protecting him/her from being impersonated. Besides, World ID will prevent game cheating imposed by some players.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.