Worldcoin (rebranded as World), a “proof-of-humanity” project founded by Sam Altman, has launched an Ethereum layer 2 blockchain named World Chain.
World said in an Oct. 17 statement that 15 million users who verified their identity by scanning their iris and searching for “World ID” can now use the network.
The company launched World Chain to improve efficiency and introduce new features for Worldcoin (WLD) token users as it seeks to expand its onboarding efforts.
World said the new blockchain will prioritize verified human users (those with World IDs) over bots by providing access to block space as well as allowing free gas.
World also revealed that its blockchain will include a list of top apps and projects, including Optimism for interoperability, Uniswap for asset exchanges, Zerion for real-time APIs, and Alchemy for development.
source: world
It announced the world’s first World Chain in April this year, when the network further developed its “human-centric” approach to spreading cryptocurrency adoption. With the launch of World Chain, World changed its name and unveiled a new version of the “Orb”, a biometric device in the form of a chrome sphere that the company uses to scan people’s eyeballs.
The company also unveiled new options for identity verification and partnerships with social media apps, including FaceTime, WhatsApp, and Zoom.
Powered by Nvidia hardware, the new Orb will be more efficient and “five times” more powerful than its predecessor, with a smaller footprint and fewer components, the company said.
Worldcoin, which launched in beta in July 2023, was founded by OpenAI CEO Sam Altman, current CEO Alex Blania, and Max Novendstern, who is also CEO of biometric research company Mana.
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Worldcoin is a crypto-based digital identity project that markets itself as solving identity problems arising from the rapid advancement of AI. The company also stated that it aims to introduce a new universal basic income model through the WLD token.
Worldcoin users scan their iris on an Orb device to register a unique ID with the company’s “World App.” When users authenticate themselves on Orb, they can request an allocation of free WLD tokens.
According to CoinGecko, the WLD token appeared largely unaffected by World’s new network announcement, with its price down 2.1% on the day.
WorldCoin (WLD) is down 2.1% over the last 24 hours. Source: CoinGecko
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