Worldcoin recently underwent a rebranding and is now known as World. The company aims to reach 1 billion users with the introduction of new blockchain technology and biometric devices. During a recent keynote address, co-founders Sam Altman and Alex Blania outlined the ambitious plans for the future of the project.
The rebranding signifies a shift in focus for World, moving towards a more decentralized network. With 15 million current users, including 7 million verified through the Orb biometric technology, the platform is looking to significantly increase its user base. Blania emphasized the importance of scalability and decentralization in achieving this goal.
One of the key updates announced is the launch of World Chain, a Layer 2 blockchain secured by Ethereum. This blockchain is designed to support millions of users and has already seen 15 million registrations globally on its first day. The World App is also getting an upgrade to Version 3.0, allowing users to manage their World ID credentials and access services like World Pay and World Chat.
The new version of the Orb biometric device, which scans a user’s iris for identity verification, will play a crucial role in expanding World’s global presence. The company plans to triple its production capacity and introduce Orbs in public spaces such as cafes. Additionally, new locations in Buenos Aires and Mexico City will be established to reach more users.
In addition to the technological advancements, World is also focusing on user engagement by introducing games and a messaging system called World Chat. The goal is to create a more interactive platform that encourages more users to join. Altman highlighted the importance of human identity verification in the age of advancing AI technology, emphasizing the need for a trusted human layer on the internet.
Overall, World’s rebranding and technological updates signal a new phase for the project as it strives to become a leading decentralized identity platform with a global reach. By prioritizing scalability, decentralization, and user engagement, World is well-positioned to achieve its goal of reaching 1 billion users in the near future.