Worldcoin

Worldcoin

Provides digital identity for global economy

About Worldcoin

Simplify's Rating
Why Worldcoin is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Crypto & Web3

Financial Services

Company Size

201-500

Company Stage

Seed

Total Funding

$145.9M

Headquarters

San Francisco, California

Founded

2019

Overview

Worldcoin provides a digital identity and financial network aimed at giving everyone access to the global economy, regardless of their location or economic status. Its main product is the Worldcoin wallet, which works with the World ID to enable users to make transactions on the Worldcoin network. The technology is based on an open-source protocol, allowing the community of developers and technologists to modify and improve it. This community is supported by the Worldcoin Foundation, which helps it grow until it can sustain itself. Unlike many competitors, Worldcoin focuses on universal access and operates globally, targeting individuals who want to engage in the economy through a digital identity. The goal of Worldcoin is to democratize economic participation in an increasingly digital world.

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Simplify's Take

What believers are saying

  • Growing demand for digital identity solutions boosts Worldcoin's market potential.
  • Partnerships with platforms like Dune Analytics enhance transparency and user trust.
  • Rising blockchain adoption in emerging markets expands Worldcoin's user base.

What critics are saying

  • Regulatory scrutiny over biometric data use poses significant challenges for Worldcoin.
  • Legal issues in countries like Brazil and South Korea threaten Worldcoin's operations.
  • Privacy concerns over iris scans and Deep Face technology may deter potential users.

What makes Worldcoin unique

  • Worldcoin offers a unique digital identity through iris scans, enhancing security and trust.
  • The World App integrates financial services with digital identity, streamlining user experience.
  • Worldcoin's open-source protocol fosters a global community of developers and technologists.

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Funding

Total Funding

$145.9M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health, dental, & vision insurance for you & dependents

401(k) plan

Flexible work hours

Unlimited time off

Parental leave

Daily catered lunch and dinner upon return to office

Home office set up stipend

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

0%

2 year growth

-3%
CryptoCoinBox
Feb 17th, 2025
Worldcoin Launches within the Philippines with World ID Amid Privateness Debate

Moreover, Worldcoin has launched Deep Face know-how, using Face Auth to detect and fight deepfakes.

Startupi
Jan 16th, 2025
Venda Da Íris Por Até R$ 700 Reais: Vale A Pena A Exposição De Dados Para A Empresa De Sam Altman?

Durante as últimas semanas, você deve ter visto algum vídeo no TikTok ou no Instagram no qual pessoas afirmam estar vendendo um scan de suas íris em troca de até R$ 700. Esse dinheiro fácil vem da World, empresa de Sam Altman, o CEO da OpenAI, e faz parte do propósito da empresa de diferenciar humanos de Inteligências Artificiais, a fim de prevenir fraudes e garantir interações digitais mais seguras. No entanto, é preciso refletir se compartilhar um dado tão único vale a pena.O projeto da World chegou ao Brasil em novembro de 2024, mas tem usuários verificados no mundo todo. Basicamente, a pessoa interessada em registrar sua íris vai até um dos 38 pontos de verificação, escaneia seu olho em uma Orb – um dispositivo desenvolvido pela startup Tools For Humanity, do tamanho de uma bola de futebol cuja única função é fazer o escaneamento, e recebe uma quantidade de criptomoedas chamadas Worldcoin tokens (WLD), em parcelas de até 12 meses.Um mês após sua chegada no Brasil, o projeto já havia registrado 115 mil pessoas, e nesta semana, anunciou que atingiu 10 milhões de humanos verificados na World Network. A empresa tinha declarado, em um evento em outubro de 2024, uma parceria com a Rappi para que os consumidores na América Latina pudessem agendar escaneamentos a domicílio.Apesar da alta adesão, a World já enfrentou diversos percalços em outros países, incluindo uma multa de R$ 4 milhões na Coreia do Sul por violação de leis de privacidade. Em terras brasileiras, a Autoridade Nacional de Proteção de Dados (ANPD) afirma ter iniciado um processo de verificação contra a empresa em 11 de novembro de 2024, para “investigar o tratamento de dados biométricos de usuários no contexto do projeto World ID”.Venda da íris está de acordo com a LGPD?Segundo Arthur Bernardo Corrêa, advogado especialista em Direito Digital do Grupo Nimbus, “A imagem digital da íris humana é um dado biométrico, ou seja, é considerada como um dado pessoal sensível

BeInCrypto
Dec 24th, 2024
World Id Ya Cuenta Con 450 Mil Usuarios Verificados En México

World (antes Worldcoin) continúa su agresiva expansion en Latinoamérica, pese a la reticencia, a través de sus registros World ID, los cuales se han incrementado en Colombia, Brasil, República Dominicana, Argentina, entre otros. La empresa de Sam Altman reportó su expansión a México.World anunció que ya tiene 20 millones de usuarios a nivel mundial, quienes han descargado su app World App. La empresa reveló una nueva estrategia meses atrás, y considera reconquistar países donde operaba, como España, donde planea volver a España en 2025, ofreciendo garantías reforzadas sobre la protección de los datos personales.World mantiene su expansión en LatinoaméricaAdemás, World reveló que ya cuenta con más de 10 millones de usuarios verificados a través de su plataforma World ID, y que 450 mil usuarios se encuentran en México “este año”. La empresa lo calificó como un éxito, gracias al lanzamiento de su verificación de prueba de humanidad lanzada en México, Brasil, Colombia, Malasia y Polonia. “Además de esto, el proyecto piloto de la credencial de pasaporte World ID, con acceso a tokens WLD adicionales*, hizo que la red fuera aún más accesible para cientos de millones de personas adicionales. A mediados de diciembre, había casi 5 millones de aperturas diarias de Mini Apps con más de 8 millones de impresiones diarias

Decrypt
Dec 20th, 2024
German Watchdog Cracks Down On Worldcoin Over Biometric Data

Create an account to save your articles.Create an account to save your articles.Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEWorldcoin, the crypto-based digital identity project co-founded by OpenAI CEO Sam Altman, is under scrutiny again as German regulators demand compliance with European Union (EU) data protection laws.The Bavarian State Office for Data Protection Supervision’s (BayLDA) investigation focused on how Worldcoin’s flagship technology, the World ID, is compliant with GDPR standards, as per a Thursday announcement.BayLDA has ordered Worldcoin, now rebranded as World, to implement a GDPR-compliant data deletion protocol by no later than January 19.The GDPR is a comprehensive EU law designed to protect individuals’ personal data and privacy, enforcing strict rules on how data is collected, processed, and stored.“With today's decision, we are enforcing European fundamental rights standards in favor of the data subjects in a technologically demanding and legally highly complex case,” said Michael Will, President of the State Office at BayDLA. “All users who have provided “Worldcoin” with their iris data will in future have the unrestricted opportunity to enforce their right to erasure.”The World ID is generated through “Orbs,” devices that scan a person’s eyeball to create a unique digital identifier designed to verify that individuals are real people rather than bots.However, BayLDA raised concerns over the "fundamental data protection risks" posed by processing such sensitive biometric data and its compliance with data protection rights.Worldcoin voluntarily suspended some of its operations across EU countries during the inquiry and introduced updates to improve compliance.The regulator flagged earlier phases of World’s data collection practices, which involved storing iris codes in centralized databases.These activities were deemed non-compliant with GDPR, leading to an order to delete all data collected without sufficient legal basis. World is now required to secure explicit consent for certain data processing steps.Despite implementing cryptographic protocols that anonymize data by splitting iris codes into encrypted fragments, the BayLDA determined that further adjustments were necessary.Worldcoin has already received the German regulator’s decision and plans to appeal it, according to the agency’s statement.World Faces Global Privacy ConcernsWorldcoin, launched in 2023, introduced a concept called “proof of personhood,” seeking to establish a vast network of users verified as humans rather than bots or AI algorithms.However, its vision quickly drew the attention of regulators worldwide.Countries such as Kenya and Portugal temporarily banned the project over privacy concerns.By October, Worldcoin transitioned to its new identity as ‘World’ and unveiled an updated version of its iris-scanning “Orb” device.These devices, with 30% fewer parts and triple the production capacity of its predecessor, were first deployed in Berlin, Germany, in July 2023.While the initiative gained attention for its innovation, it was equally criticized by privacy advocates who labeled the project as intrusive and potentially exploitative.Shortly after the project’s launch, France and Germany initiated investigations into its biometric data collection practices. France’s privacy watchdog, CNIL, questioned the legality of the data collection and storage processes, calling them “questionable.”World did not immediately respond to Decrypt’s request for comment.Edited by Sebastian Sinclair

BeInCrypto
Dec 19th, 2024
German Regulator Orders Worldcoin To Delete User Iris Scans

The Bavarian State Office for Data Protection (BayLDA), a German privacy watchdog, ordered Worldcoin to delete users’ biometric data. The company has appealed the decision.This legal challenge targets the heart of the company’s operations in the European Union and may seriously hamper its developments in the region. BayLDA Takes On WorldcoinWorld (formerly Worldcoin) is a digital identity project gathering iris scans and other biometric data from millions of users. Today, the BayLDA published a press release summarizing its findings of an ongoing investigation into World, and it’s deeply unsatisfied with the firm’s compliance:. “The company will be obliged to provide a deletion procedure that complies with the provisions of the GDPR within one month of the decision taking effect. Worldcoin will be obliged to provide explicit consent… in the future

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