Worldcoin, now the World Network, has unveiled major updates and plans to expand to 1 billion users with new Orbs and an improved World App.
Highlights
- Worldcoin aims to scale from 15 million to 1 billion users.
- Rebranded from Woldcoin to World Network.
- New orbs will be delivered to public locations upon request to encourage verification.
October 17th, World Coin
world
$2.13
24-hour volatility:
4.6%
Market capitalization:
$11.5 billion
Vol. 24 hours:
$520.56 million
Co-inventors Sam Altman and Alex Blania provided a major update on the project and its plans to recruit one billion users. Currently, WorldCoin (now World Network) has 15 million users and approximately 7 million verified users.
The network was unveiled five years ago, starting with World ID for proof of humanity and World Coin (WLD), a token launched last year.
Blania, who is also CEO of Tools for Humanity, noted that the project is now focused on its third goal: scaling and decentralization, aiming for 1 billion users.
major updates
Sam Altman of OpenAI emphasized the importance of the project as a critical human layer for the Internet, given the emergence of AI and AI agents.
To reach its goal of one billion users, the World Network team unveiled a new and improved Orb, a device used to scan the iris of the eye and determine unique human identification. Manufacturing of Orbs is said to be distributed globally to enhance ‘decentralization’.
The devices will also be deployed in cafes and other public spaces and will also allow for on-demand orders, such as pizza, as part of a campaign to reach new users. The new Orbs are scheduled to be released by Spring 2025.
Perhaps the most exciting updates from the event were Deep Face and the super mini app. For Deep Face, World ID is integrated with the user’s face to privately identify the user and eliminate the growing risk of deepfakes.
This is the most interesting part. The new World App includes a super mini app with a Wallet and Vault (allowing passive returns on your savings). Imagine being able to instantly shop and send money worldwide for free or low fees.
The app store also includes games that are more fun and aren’t manipulated by bots to get you onboarded to the platform.
Finally, World Chain’s mainnet has also been activated, allowing developers to build apps and solutions for humans at scale.
WLD price action
Photo: TradingView
The price chart shows the event as a ‘sell the news’ scenario, with WLD price falling following the update. The altcoin fell 5% on the daily chart, falling from $2.3 to $2.0. It remains to be seen how the update will affect market sentiment for WLD in the near term.
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Benjamin is a communications engineering graduate with a passion for cryptocurrency markets and understanding market trends. Armed with data, charts, and patterns, he is interested in making the complex landscape of digital assets easier for all users.
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