Worldcoin Price Drops Amid Major Upgrade and New Partnerships

Worldcoin's (WLD) price took a hit on Friday, falling 13.4% to $0.28 despite the broader crypto market climbing 2.2%. This decline came as World, the parent company of Worldcoin, announced a major upgrade to its identity verification system and new platform integrations with companies like Zoom and Tinder.

The upgrade, dubbed 'World 4.0', positions World ID as 'full-stack proof of human' infrastructure for consumers, businesses, and AI agents. The system uses the Orb device to scan users' faces and irises in person, generating a unique cryptographic code that is deleted after processing. Only anonymized data is shared across a distributed network.

The new features include account-based identity, multi-key support, and account recovery tools. World also launched a dedicated World ID app, currently in beta, to let users manage and share their credentials across platforms.