Worldcoin’s Founder, Sam Altman, recently took to Twitter on July 26th to share some exciting news about the project’s adoption rate. According to Altman, the project is now witnessing a remarkable adoption rate of “one person getting verified every 8 seconds.” He further elaborated on the global interest in the project by describing “crazy lines around the world” and attached a video showing individuals lined up to use the project’s revolutionary eye-scanning technology.

Despite the enthusiasm expressed in Altman’s tweet, there seems to be a lack of concrete evidence to substantiate his claim. Altman only provided his cell phone video as proof, which may not be sufficient to convince skeptics. Earlier reports from July 13 indicated that Worldcoin had managed to attract over 2 million registrants in the weeks leading up to its launch. However, without knowing the number of participants currently, it’s challenging to put Altman’s claim into context.

Furthermore, it’s worth noting that the verification process is not consistent across all locations. Worldcoin has several offices worldwide where users can complete the verification requirements. Some users have reported encountering no lines at certain sign-up locations, including one in Dubai. This suggests that the video provided by Altman may be highly selective in showcasing a particular narrative.

On-chain data also indicates limited adoption of the Worldcoin token (WLD). Etherscan records show that just over 3,650 individuals hold the WLD token, with 13,766 transfers occurring thus far. While Worldcoin initially experienced rapid gains on July 24, driving the token’s price above $2.60, it has since fallen to $2.09. Nevertheless, the cryptocurrency remains ranked among the top 150 cryptocurrencies by market cap and currently has a capitalization of $232 million.

Worldcoin’s ID program, which relies on eye-scanning technology to create digital “World IDs,” has been operational since July 24. Users who participate in the program are offered cryptocurrency rewards. Presently, the sign-up reward stands at 25 WLD, equivalent to approximately $52.50.

Despite its promising features, Worldcoin has faced criticism due to its reliance on user identification, which some decentralization advocates argue undermines one of the fundamental principles of cryptocurrency: providing uncensorable and pseudonymous access to digital money. Notable figures like Ethereum founder Vitalik Buterin and U.K. regulators have expressed concerns about various aspects of the project since its launch.

In conclusion, Worldcoin’s Founder, Sam Altman, excitedly shared news of the project’s adoption rate on Twitter. However, without concrete evidence and in the face of limited on-chain data, some skepticism remains. Moreover, the project’s reliance on user identification has attracted criticism from various parties, raising concerns about its compatibility with the principles of decentralization.