Worldcoin sees gains after launch of facial authentication for World ID

• Worldcoin has announced the premiere of a new facial authentication feature for World ID.
• Facial authentication features will help increase privacy for World ID users in certain locations.
• WLD rose nearly 12% after the announcement.

Worldcoin on Thursday announced the integration of a face authentication feature for World ID users, enabling a 1:1 face comparison for ID verification. Following the announcement, WLD surged nearly 12%, continuing its impressive growth despite earlier criticism.

WLD rallies as Worldcoin announces facial authentication software

The Worldcoin Foundation has announced a new technology to improve security for World ID users in the form of facial authentication. This new authentication feature ensures that only verified users can perform actions.

Worldcoin’s face authentication works by comparing a user’s selfie taken on a phone and matching it to images captured using their ID orb during verification.

The process promotes a 1:1 facial comparison, ensuring that only the verified person can transact and log in.

The Worldcoin Foundation said this new layer of security will store photos and images blindly on the phone for easy user access.

Following the announcement, WLD continued its upward trend, rising nearly 12% in the past 24 hours. Its fortunes are seeing a turnaround, with monthly gains stretching over 4% at the time of writing.

WLD began to manifest following an earlier announcement on Friday, which declared the completion of a cross-platform bridge to launch the World ID solution on the Solana network. With this bridge, Solana developers can begin integrating World ID into Solana-based applications and protocols.

Despite the growth, investors may still be cautious as Worldcoin has come under scrutiny regarding its token unlock program. Worldcoin saw a dip in July after a two-year change to the token’s lock-in period. About 2 million WLD tokens are unlocked daily until July 2028, after which 80% of its tokens will be released into circulation.

Such blocked supply could cause prices to fall as they gradually enter the market.