Worldcoin's Big Gamble: Struggling to Attract Users for Iris Scans

Worldcoin, a cryptocurrency project aiming to distribute tokens via iris scans, is facing dwindling interest. Despite an initial wave of 2 million pre-launch sign-ups, only 600 new registrations were recorded on its launch day in Hong Kong, a significant drop. The project, though ambitious, raises concerns over user privacy and ethical data collection, especially in regions with weaker protections. Critics and blockchain leaders have highlighted transparency and trust issues.

What is Worldcoin Trying to Achieve?
Worldcoin seeks to create a digital identity system through "World IDs," aiming to decentralize personal identification. Users scan their irises at "Orb" devices to receive free tokens, but the privacy implications are causing hesitation.

Why Does This Matter?
As digital identity technologies evolve, balancing innovation with privacy is crucial. Worldcoin's struggles underline public skepticism towards biometric data collection for financial incentives.

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