Worldcoin, the Sam Altman-backed digital identification initiative, introduced a serious rebrand as World and unveiled formidable plans to develop its consumer base to 1 billion individuals throughout a keynote deal with on Oct. 17.
The keynote, led by co-founders Altman and Alex Blania, marked a big shift within the challenge’s trajectory after it introduced a collection of key updates designed to drive international adoption of its decentralized identification platform.
The updates included the launch of World Chain, an Ethereum-secured Layer 2 blockchain, and the disclosing of a brand new model of the challenge’s biometric Orb units.
Accelerating progress
The rebranding highlights World Community’s evolving mission, transitioning from its unique identification verification mannequin to a broader, extra decentralized community.
With 15 million customers presently, together with 7 million verified by its Orb know-how, the platform has set its sights on dramatically rising that quantity because it appears to be like to onboard a billion verified human customers.
Blania, who can also be the CEO of Instruments for Humanity, famous that the challenge is now centered on scalability and decentralization. He stated:
“In the present day, we’re taking the subsequent massive step in our mission — scaling the World Community to succeed in 1 billion customers.”
World’s new model of the Orb, which scans a consumer’s iris to confirm their identification, is central to the challenge’s ambition to develop its international footprint. Blania stated World will triple its manufacturing capability and increase into new international locations, together with flagship areas in Buenos Aires and Mexico Metropolis.
The up to date Orbs might be made out there in public areas reminiscent of cafes and can even be deliverable on demand, a part of a wider effort to make verification extra accessible. The rollout of those new Orbs is anticipated by spring 2025.
World Chain and digital identification
Alongside the growth of its biometric capabilities, World formally launched World Chain, a Layer 2 blockchain constructed on the Ethereum community.
The blockchain is designed to help tens of millions of customers. On its first day, the challenge claimed 15 million registrations globally. In accordance with the corporate, this makes World Chain one of many largest human verification blockchains in existence.
The World App, a central element of the challenge, is being up to date to Model 3.0. This replace will permit customers to handle their World ID credentials and entry different companies, reminiscent of World Pay, a decentralized fee system, and World Chat, a messaging device.
The app will even introduce video games and a messaging system referred to as World Chat to additional interact customers and onboard extra contributors. Altman, who additionally leads OpenAI, stated World goals to be “the nameless human layer for the web,” serving to individuals distinguish themselves from AI actors.
He additional emphasised the rising significance of human identification verification as AI continues to advance. In accordance with the OpenAI CEO:
“As AI turns into extra built-in into our lives, having a trusted human verification layer is crucial.”
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