Worldcoin’s World ID Surpasses 100 Million Uses Across Third-Party Apps – Is WLD Ready for a Recovery?

Worldcoin’s World ID has achieved a landmark milestone by surpassing 100 million uses across third-party applications, marking a significant adoption breakthrough for Sam Altman’s ambitious digital identity project despite facing mounting regulatory challenges worldwide.

The achievement comes as Tools for Humanity announced $1 million in WLD retro rewards for builders and revealed that 6.9 million WLD tokens were spent in Mini Apps last week alone.

BitGo’s recent integration of USDC stablecoin support on the World Network further strengthens the ecosystem’s infrastructure capabilities.

However, this technical progress contrasts sharply with WLD’s price performance, which remains down 89% from its March 2024 all-time high of $11.74 despite recent gains.

The token has experienced significant volatility following the announcement of legendary Apple designer Jony Ive’s collaboration with Sam Altman at OpenAI, which was made through a $6.5 billion acquisition.

WLD surged 15% to $1.28 on this development but has since retreated to current levels around $0.88.

Regulatory pressures continue mounting across multiple jurisdictions, bringing even more uncertainty to the project’s future.

Amid these challenges, the project has pivoted strategically by rebranding as “World Network” and introducing alternative verification methods. The redesigned iris-scanning Orb now includes NFC-enabled passport verification for age, nationality, and ownership confirmation without revealing full identities.

Global Regulatory Storm Threatens Expansion Plans

Worldcoin faces tight regulatory resistance as governments worldwide scrutinize its biometric data collection practices and cryptocurrency incentive structure.

Kenya’s High Court delivered a particularly damaging blow by ordering the Worldcoin Foundation to delete all biometric data collected from citizens permanently.

Lady Justice Aburili Roselyne’s May 5 ruling came after the Katiba Institute successfully argued that data collection occurred without proper privacy impact assessments.

The court found that consent obtained through monetary inducements and cryptocurrency offers was invalid under Kenyan law.

One Kenyan official described the project as “a gang of criminals harvesting data from young people.”

Additionally, Indonesia’s suspension proves equally problematic as the country represents one of Asia’s fastest-growing crypto markets.

Ministry of Communication and Digital investigators found that World’s local partner, PT Terang Bulan Abadi, failed to secure mandatory Electronic System Operator Certificates.

The project instead operated under PT Sandina Abadi Nusantara, whose permits didn’t cover iris-scanning services. Director-General Alexander Sabar labeled this credential borrowing “a serious violation” that breaks Indonesian law.

Brazil’s National Data Protection Authority has also banned crypto incentives for biometric data collection; however, a recent report found that three centers in São Paulo are still operating normally.

Twelve recent registrants confirmed that the company continues to promise crypto payments despite the prohibition.

Germany’s GDPR violation ruling triggered widespread data deletion requests, contributing to WLD falling below $2 in December 2024.

France, Portugal, Spain, Hong Kong, and South Korea have all launched investigations into the project’s data practices.

Technical Charts Signal Potential Recovery Despite Fundamentals

WLD’s daily chart reveals a dramatic technical picture, capturing the asset’s precipitous 89% decline from its all-time high of $11 to current levels around $0.88.

A classic descending triangle pattern has contained price action throughout 2025, with horizontal support around $0.77 representing a critically multiple-tested level.

The major resistance zone between $1.308 and $1.427 has repeatedly rejected rallies, maintaining the bearish structure that has defined WLD’s decline.

However, the RSI at 38.97 approaches oversold territory without reaching extreme levels, suggesting potential technical exhaustion.

Multiple “Bear” RSI signals marked the decline, but recent readings indicate selling pressure may be waning. The volume profile reveals significant participation during support tests, with high-volume sessions marking key technical levels.

The weekly chart provides even more crucial context for the correction’s magnitude, showing WLD testing the critical 0.618 Fibonacci retracement level at approximately $0.61. This support confluence often marks major reversal points in trending assets.

Volume analysis reveals this further with the moving average at 7.07 million significantly elevated compared to the recent 2.37 million sessions. This suggests that little strategic accumulation may be happening around depressed levels.

The momentum oscillator appears to be forming a potential bottoming pattern, reaching extreme oversold levels that historically preceded major WLD reversals.

Clear recovery targets exist at $1.7665 and $2.0963, representing potential gains of 100-150% from current levels.

The fundamental backdrop of 100 million World ID uses creates a potential disconnect between utility adoption and market price.

This growing real-world application could drive upward price resolution if current support levels hold and market sentiment shifts toward adoption metrics.

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