World, a Web3 project, recently pulled off an impressive feat by onboarding more than 10 million users across 160 countries. Further, it has processed over 115 million transactions. Their big idea The international project proposes to develop a new economic system powered by a decentralized, global currency. It works magic from with a hi-tech device known as the World Orb. This device scans a person’s iris to create a unique identifier, without knowledge of the individual person’s identity or other identifiable information. World is building a dynamic marketplace, with a single user-friendly interface that enables users to easily buy and sell trades. With a successful beta test of its AI-enabled Web3 network with blockchain platform provider Polygon, World aims to further simplify Web3 interactions through AI, potentially allowing automated transactions.

Global Expansion and User Acquisition

In just the last two years, the World has seen tremendous global growth. We’re now able to proudly support a user base of over 10 million people in over 160 countries. This remarkable growth serves to highlight the growing global interest in decentralized financial ecosystems and alternative economic paradigms.

The World App, a mobile application created by World, is the heart of its ecosystem. The app will give users access to many different mini apps and let them instantly trade tokens through a simple interface.

The World Orb also serves a key part in the project’s identity verification process. The Orb scans each person’s iris to provide a unique identifier for every individual. Since this approach does not aggregate additional personally identifiable information, privacy concerns commonly associated with digital identity solutions are mitigated.

Blockchain and DeFi Integration

World leverages blockchain technology in its World Chain network to provide access to financial services without the need for traditional banks through Decentralized Finance (DeFi). This unique approach would further democratize access to financial tools and services, especially for people living in historically underserved areas.

The firm has processed more than 115 million transactions across its network. This remarkable statistic is a testament to the increased engagement with the platform and the strength of its tools. These transactions show the power and real-world utility of World’s ecosystem.

“We’re the second largest consumer of theory of L1 resources from a data storage perspective. So it’s an incredibly active chain,” - Smith

AI and the Future of Web3 Transactions

World just wrapped up a beta test of its AI-enabled Web3 network, developed in partnership with Polygon, that was hailed as a great success. This collaborative test lays the groundwork for harnessing AI to simplify user onboarding and unlock more powerful use cases across Web3 applications.

“So, [agentic AI] being able to act on your behalf, can make a trade on your behalf, for example. It’s another kind of a use case for reducing complexity, as well as empowering Web3 apps to do more,” - Steven Smith

AI integration within the World ecosystem is meant to minimize complexity and supercharge Web3 applications. By enabling AI to act on a user's behalf, such as making trades, the platform aims to make Web3 more accessible and user-friendly.

“We just ensure that [Web3 is] able to be used in an efficient and safe manner. So, when you look at like AI, it is very powerful in general, everyone knows that,” - Smith

“Then, when you look at agentic AI, you’re able to operate in a Web3 environment. It could potentially be very powerful.” - Smith