• Worldcoin has rebranded to “World” and launched a number of new options to reinforce World ID.
• The mission additionally introduced the launch of the mainnet of its blockchain World Chain.

WorldCoin is now merely “World” after the blockchain-based identification verification mission introduced a rebrand on October seventeenth.

World co-founders Sam Altman and Alex Blania announce firm identify change throughout an organization occasion In San Francisco. In addition to the rebranding, the mission introduced a number of updates aimed toward bringing its “Proof of Humanity” know-how to extra individuals.

One of many key bulletins was that the world was launched to a brand new model of the biometric identification gadget Orb. The subsequent-generation Orb is powered by NVIDIA's newest Jetson chipset and delivers as much as 5 instances extra AI efficiency than its predecessor, in response to the corporate.

World additionally launched World ID 3.0, a sophisticated model of World ID designed to allow additional authentication around the globe. The World ID Credentials and Deep Face options improve this performance, permitting individuals with NFC-enabled passports to confirm their identification by way of their gadget.

The brand new World ID 3.0 options World ID Credentials, permitting extra individuals to hitch and profit from the World Community utilizing issues like NFC-enabled passports. pic.twitter.com/sLGRCEzIiD

— World (@worldcoin) October 17, 2024

As detailed within the weblog publish, verified passport holders will be capable of declare the native cryptocurrency WLD even earlier than absolutely authenticating their identification by way of Orb.

Launch of World Chain mainnet

On October seventeenth, World Chain, a layer 2 chain introduced by the World Basis earlier this yr, launched its mainnet. As of Thursday, October 17, 2024, roughly 15 million individuals have migrated or are finishing their migration to World Chain.

World Chain is a blockchain community that prioritizes human actions and transactions over bots and was launched with assist from a number of crypto platforms together with Dune, Uniswap, Optimism, Alchemy, Protected, and Etherscan.