- World Network (formerly Worldcoin) has verified only 11.64 million users, far short of its goal to onboard one billion people by 2023.
- At the current rate of approximately 705,000 sign-ups per month, it would take 117 years to reach the target of one billion users.
- The company has expanded its partnerships, including talks with VISA for a stablecoin wallet and collaboration with gaming firm Razor for human verification.
World Network has achieved less than 1.2% of its ambitious goal to onboard one billion users by 2023, having verified only 11.64 million people through its eye-scanning Orb technology. The company, which recently rebranded from Worldcoin, has nearly doubled its user base since July 2024 but remains 988.4 million users short of its original target.
The eye-scanning verification system has gained momentum in recent months, with the company tripling its active Orbs to 1,510 units compared to last year. Despite this growth, simple mathematics reveals the enormous gap between ambition and reality—at the current verification rate of approximately 705,000 new users monthly, World Network would need more than a century (about 117 years) to achieve its billion-user vision.
This significant shortfall comes despite the project’s high-profile backing from Sam Altman, who serves as chairman of Tools for Humanity, the company that founded Worldcoin in 2019. Altman’s involvement has kept the project in the spotlight even as it dramatically missed its original timeline.
In October 2024, the company underwent a rebranding from Worldcoin to World Network (or “World” for short), following its failure to meet the user acquisition goals. The rebrand came after the company had reached less than 1% of its targeted user base by the original deadline.
World Network has begun exploring new strategies to increase adoption. In November, it introduced a program allowing people to lease the biometric Orbs for a $100 deposit, potentially accelerating the distribution of verification devices.
The company is also pursuing strategic partnerships to expand its ecosystem. According to OpenAI-chief-sam-altman-s-world-network-is-working-with-payments-giant-visa-source” target=”_blank” rel=”noreferrer noopener”>recent reports, World Network is currently in discussions with payment giant Visa to develop a World stablecoin wallet with Visa card functionality, potentially bringing its digital identity system to conventional payment channels.
Additionally, the company announced a partnership with gaming firm Razor last week. This collaboration will integrate World’s “proof of human verification” technology into Razor’s ID system, targeting the gaming community with its biometric verification approach.
The company’s core product remains its controversial eye-scanning technology, which creates unique digital identities through iris biometrics. While World Network promotes this as a solution for human verification in an AI-dominant future, privacy advocates have raised concerns about the collection and storage of such sensitive biometric data.
Despite falling dramatically short of its original goal, World Network continues to expand its partnerships and user base incrementally, suggesting the company is pivoting toward a longer-term growth strategy rather than abandoning its ambitious vision altogether.
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