- Worldcoin has rebranded to World as it doubles down on its plans to expand and grow.
- With the vision to create a bot-free ecosystem, the project also eyes onboarding 1 billion users.
Sam Altman’s Worldcoin project has rebranded as ‘World,’ announcing a vision to onboard one billion users. Wordcoin’s co-founders Sam Altman and Alex Blania forecast WLD, the project’s native token, to reach an all-time high due to ongoing developments.
Worldcoin Unveils New Updates With Rebrand
As CNF reported, the Worldcoin project aims to provide a new solution to online identity, ensuring fairness, security, and inclusion for all. The project uses Orb devices to scan irises unique to their owners to prove their realness. This verification helps reduce scams, imposters, and AI bots that mimic humans.
At a recent World event in San Francisco, Altman and Blania revealed the project’s next stage alongside the rebrand. The co-founders unveiled new biometric Orb devices for identity verification and World Chain, an Ethereum Layer 2 blockchain. These new updates signal a major push towards the project attaining its goal of onboarding 1 billion users.
This week, what started as Worldcoin became World.
We hope this will be a real human network providing identity, financial infrastructure and community to everyone.
We also released many new things. pic.twitter.com/DgN2sTsQdh
— Alex Blania (@alexblania) October 21, 2024
Powered by the latest NVIDIA Jetson chipset, the latest Orb devices offer more advanced technologies than previous versions. This improvement enables World ID proof of human verifications to scale faster and more efficiently. The new orbs devices are built with 30% fewer parts and full audibility with a removable external SD card. To improve accessibility, the devices will be available in flagship locations, on-demand Orbs, and self-serve Orb kiosks.
Besides upgrading the Orb devices, World seeks to enable decentralized identity verification and support millions of users with its World Chain. This is the first blockchain designed to prioritize human activity and transactions. On the first day of its launch, approximately 15 million World users interacted with World Chain.
This makes it one of the largest human verification blockchains. World Chain integrates World ID and gives all verified humans access to prioritized blockspace. Popular blockchain projects supporting World Chain include Optimism, Alchemy, Uniswap, Safe, Dune, and Etherscan.
World’s Key Focus
Blania revealed scalability and decentralization as World’s primary focus. The co-founder said the project intends to simplify identity verification while making the process accessible globally. This new direction aligns with World’s mission to build a decentralized network.
Furthermore, the team upgraded the World App to version 3.0. This upgrade improved its utility and enabled the World Network to scale to more people. It also allowed users to explore services like World Pay and World Chat. While World Chat provides a secure messaging platform, Word Pay facilitates decentralized payment.
Meanwhile, WLD reacted positively to the rebrand announcement. The token’s price skyrocketed to $2.49, demonstrating a 24-hour increase of 12.23%. Trading volume also jumped to $414.5 million, indicating growth in market interest.
However, WLD’s price has since lost much of its gain, trading at $2.3 as of this writing.
It is important to note that WLD’s price decline comes from a general market downturn. Thus, Sam Altman’s vision of WLD reaching an ATH soon could hold if the market picks up in the near term.
