Worldcoin (WLD), the cryptocurrency project that uses eye-scanning technology to create an identity network, has rebranded.
In a statement, the project co-founded by OpenAI CEO Sam Altman and Tools for Humanity CEO Alex Blania explains why Worldcoin is now World Network.
“As the scale of the project grows along with the importance of World ID’s proof of human protocol, the name ‘Worldcoin’ no longer encapsulates the mission of the project – to accelerate every human.”
Along with adopting a new name, World also introduced an updated version of its eyeball-scanning Orb device during an event in San Francisco last week.
The spherical-shaped peripheral is used to scan the eyes and verify the identity of the project’s users. People who are registered in the system then get a World ID that they can use to anonymously prove their humanity online.
According to World, the updated version of the Orb is powered by the latest NVIDIA Jetson chipset with nearly five times the artificial intelligence (AI) performance of its predecessor. The upgraded device, which comes with a fully removable external SD card, is also cheaper and faster to build because it has 30% fewer parts.
“The next generation Orb, unveiled at the new world event, offers more advanced technologies that enable World ID proof of human verifications to scale faster and more efficiently than before.”
World says the upgrades will make the Orb accessible to more places in the world. The project says its human verification services will be coming to more countries, which include Costa Rica, Brazil, Romania, Indonesia, Australia, Morocco and the United Arab Emirates.
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