Worldcoin rebrands as World, targets 1 billion users with new blockchain and biometric tech
Worldcoin rebrands as World, targets 1 billion users with contemporary blockchain and biometric tech Worldcoin rebrands as World, targets 1 billion users with contemporary blockchain and biometric tech
The updates incorporated the open of World Chain, an Ethereum-secured Layer 2 blockchain, and contemporary variations of its biometric Orb devices and World App.
Veil art work/illustration via CryptoSlate. Report entails blended hiss that would perhaps per chance encompass AI-generated hiss.
Worldcoin, the Sam Altman-backed digital identification initiative, launched a predominant rebrand as World and unveiled fearless plans to develop its person immoral to 1 billion of us for the length of a keynote tackle on Oct. 17.
The keynote, led by co-founders Altman and Alex Blania, marked a first-rate shift in the mission’s trajectory after it launched a series of key updates designed to pressure global adoption of its decentralized identification platform.
The updates incorporated the open of World Chain, an Ethereum-secured Layer 2 blockchain, and the disclosing of a brand contemporary model of the mission’s biometric Orb devices.
Accelerating whisper
The rebranding highlights World Community’s evolving mission, transitioning from its long-established identification verification model to a broader, extra decentralized network.
With 15 million users right now, at the side of 7 million verified thru its Orb skills, the platform has living its sights on dramatically rising that number because it appears to be like to onboard a thousand million verified human users.
Blania, who will also be the CEO of Tools for Humanity, accepted that the mission is now targeted on scalability and decentralization. He acknowledged:
“This present day, we're taking the subsequent broad step in our mission â scaling the World Community to attain 1 billion users.”
World’s contemporary model of the Orb, which scans a person’s iris to test their identification, is central to the mission’s ambition to develop its global footprint. Blania acknowledged World will triple its production ability and broaden into contemporary nations, at the side of flagship places in Buenos Aires and Mexico Metropolis.
The updated Orbs will seemingly be made on hand in public areas such as cafes and can relish to even be deliverable on seek records from, allotment of a noteworthy broader effort to form verification extra accessible. The rollout of these contemporary Orbs is anticipated by spring 2025.
World Chain and digital identification
Alongside the growth of its biometric capabilities, World formally launched World Chain, a Layer 2 blockchain built on the Ethereum network.
The blockchain is designed to enhance millions of users. On its first day, the mission claimed 15 million registrations globally. Per the firm, this makes World Chain one in every of the largest human verification blockchains in existence.
The World App, a central factor of the mission, is being updated to Version 3.0. This update will allow users to withhold watch over their World ID credentials and glean entry to other companies, such as World Pay, a decentralized price system, and World Chat, a messaging tool.
The app will also introduce games and a messaging system known as World Chat to further engage users and onboard extra contributors. Altman, who also leads OpenAI, acknowledged World aims to be “the anonymous human layer for the cyber web,” helping of us distinguish themselves from AI actors.
He further emphasized the rising importance of human identification verification as AI continues to advance. Per the OpenAI CEO:
“As AI becomes extra built-in into our lives, having a depended on human verification layer is serious.”
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Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his abilities worldwide for over a decade. Specializing in financial journalism, he now specializes in crypto reporting.
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Worldcoin’s mission is to manufacture the worldâs largest identification and financial network to again as a public utility, giving possession to all individuals.
Worldcoin
Worldcoin, co-founded by Alex Blania and OpenAI CEO Sam Altman, seeks to provide its users with a verified digital identification, moreover as a cryptocurrency token (WLD) and a crypto wallet utility.
OpenAI
OpenAI is an AI research and deployment firm dedicated to guaranteeing that long-established-cause artificial intelligence helps all of humanity.
Sam Altman is the CEO of OpenAI, an AI research and deployment firm since 2019.
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