Worldcoin, the ambitious project co-founded by Sam Altman, has rebranded as ‘World’ and announced plans to onboard one billion users. The project, which uses biometric iris scans to verify human identity, has introduced several new features and upgrades to achieve its ambitious goal.
Key Updates from Worldcoin
- New Orb Devices: The project has unveiled advanced Orb devices for identity verification, powered by the latest NVIDIA Jetson chipset. These devices offer improved efficiency, accessibility, and security.
- World Chain: Worldcoin has launched World Chain, an Ethereum Layer 2 blockchain designed specifically for human-centric transactions. This blockchain aims to support millions of users and has already seen significant adoption.
- World App Upgrade: The World App has been upgraded to version 3.0, offering enhanced features like World Pay and World Chat.
Focus on Scalability and Decentralization
Worldcoin’s co-founders, Sam Altman and Alex Blania, have emphasized the project’s commitment to scalability and decentralization. By simplifying the identity verification process and making it accessible globally, World aims to build a decentralized network that empowers individuals.
Also Read: Worldcoin’s World Chain Surges – 6M+ Transactions, 1,200+ Active Accounts In Early Adoption Wave
Impact on WLD Token
The rebrand and new updates have positively impacted the price of WLD, the project’s native token. Following the announcement, WLD’s price surged to $2.49, demonstrating a significant increase in market interest. However, the price has since declined slightly, likely due to a broader market downturn.
Worldcoin’s rebrand and new updates demonstrate the project’s continued commitment to its mission of providing a secure and inclusive online identity solution. With its focus on scalability, decentralization, and user-friendly features, World has the potential to attract a large user base and drive further growth in the future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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