Sam Altman’s Worldcoin project is now introducing a new and improved version of its eye-scanning technology called “Orb.” The project, now known simply as “World,” aims to create an identity-verification system that allows individuals to prove their humanity anonymously online. The Orbs are designed to scan the irises of individuals in exchange for WLD crypto tokens and a world ID.
At a recent media event led by Sam Altman and co-founder Alex Blania, World employees unveiled their plans for “Orb 2.0.” This updated version will be faster to build, operate on better chips, and run on open source code. Chief designer Rich Heley mentioned the need for more orbs, with plans to deploy approximately 1,000 more orbs in various locations. World is also introducing “premium verification experiences” in cities like Buenos Aires and Mexico City, as well as placing orbs in everyday locations such as local coffee shops. Additionally, individuals will have the option to request an orb to their home through an app.
While the orbs serve as the primary means of verifying humanity, World is also looking to streamline the adoption of its world ID system by allowing individuals to onboard using government IDs. Chief Information Security Officer Adiran Ludwig highlighted the importance of adding security measures to prevent deepfakes from bypassing the system. A new product called World ID Deep Faces will enable users to verify the authenticity of individuals they interact with online, provided they have a World ID.
Following the presentation, the token WLD experienced a slight decline of about 5%. Despite this, World remains committed to advancing its technology and enhancing security measures to protect users from fraudulent activities online. The team behind World continues to innovate and improve their offerings to provide a safer and more secure online experience for all users.
In related news, Nishad Singh’s lawyers have requested leniency from a judge, while Italy plans to increase capital gains tax on cryptocurrencies. Bitcoin has surged to nearly a three-month high, and Tesla’s decision to move Bitcoin has caused a stir in the market. MoneyGram has also announced its latest offering, the MoneyGram Wallet, as the financial landscape continues to evolve.
The future of World and its revolutionary technology remains promising as they strive to redefine online identity verification and enhance security measures in the digital age.