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Worldcoin's Global ID Verifications Double Despite Regulatory Troubles

Despite facing regulatory scrutiny in multiple countries, Worldcoin reported a doubling in demand for its global World ID verifications during the first week of its launch. The release of new Orbs worldwide contributed to this increase in verifications, and the designated wallet for the project, World App, saw a three-fold increase in active users and a ten-time increase in weekly account creations. However, the WLD token's value dropped 11% in the last seven days and the project has faced criticism for its reliance on biometric data to verify identities. Worldcoin claims to comply with local laws regarding personal data collection in all operating markets.

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