In the ever-evolving world of cryptocurrency, change is the only constant. Sam Altman, co-founder of Worldcoin and CEO of OpenAI, has made a bold move to rebrand the innovative identity-focused crypto project as “World Network.” This transformation comes with not just a name change but also the introduction of a more advanced eye-scanning device that could reshape digital identity verification worldwide.
Why the Shift to “World Network”?
In a statement, World Network explained the reasoning behind the rebrand. As the project has grown in scale and ambition, it became clear that the name “Worldcoin” no longer encapsulated the full scope of their mission. According to Alex Blania, CEO of Tools for Humanity and co-founder of World Network, the project aims to “accelerate every human” by creating a global identity network that can securely prove an individual’s humanity online—without compromising privacy.
The heart of World Network’s mission is the World ID: a unique, anonymous identifier linked to each user. The identifier allows individuals to confirm their humanity online without revealing personal data, providing a solution to many of the privacy and security challenges in today’s digital world.
The Next-Gen Orb: A Leap in Technology
Alongside the rebranding, the project unveiled a more powerful version of its eye-scanning Orb device at a recent event in San Francisco. The new Orb, designed to verify users’ identities by scanning their irises, is powered by NVIDIA’s cutting-edge Jetson chipset, delivering five times the artificial intelligence (AI) performance of the previous model. Not only is this device faster and more efficient, but it’s also more cost-effective, with 30% fewer parts and a fully removable external SD card for flexibility and security.
Blania expressed excitement about the technological leap, stating that the “next-generation Orb enables World ID verifications to scale faster and more efficiently than ever before.”
Global Expansion: Identity for Everyone
One of the key ambitions of World Network is to make their human verification services available globally. With the improved Orb device, the project is expanding into new countries, including Costa Rica, Brazil, Romania, Indonesia, Australia, Morocco, and the United Arab Emirates. As digital identity becomes an increasingly vital aspect of online interactions, World Network is positioning itself to be at the forefront of secure, privacy-focused identity verification on a global scale.
For more information about World Network’s mission and the new Orb technology, you can visit their official website.
Disclaimer:
The information provided in this article is for informational purposes only and does not constitute financial, legal, or technological advice. Always consult a qualified professional before making any investment or technology-related decisions.
