TLDR:
- Under the new name 'World', Worldcoin has rolled out the World Chain on the Ethereum Layer-2 framework, alongside its rebranding.
- Featuring state-of-the-art Nvidia components, the latest Orb devices not only pack more power but also operate more efficiently than before.
- In a bid to broaden identity verification options, World introduces World ID Credentials, which offer an alternative approach by utilizing NFC-compatible passports.
- The latest release of the World App, version 3.0, boasts an array of new attributes, including a feature named World ID Deep Face, aimed at combating deepfake media.
- World announced that it will now integrate with widely used communication applications like WhatsApp, FaceTime, and Zoom, providing seamless ways for users to access its services.
With a determined focus on the rebranding to \"World\", the cryptocurrency initiative previously known as Worldcoin is now spearheading a host of groundbreaking technological advancements. during a keynote address on October 17, As 2024 unfolds, this rebrand accompanies significant improvements in the project’s overall technological suite and available offerings.
The roll-out of this new branding strategy is evident on World’s online presence, and during a keynote session, founder Sam Altman highlighted this new direction, underscoring a diversification beyond just the cryptocurrency domain.
Among the major announcements was the substantial upgrade to the company’s iris-scanning technology. The refreshed Orb devices, now using Nvidia hardware, deliver performance strengths up to fivefold greater, all while being more eco-friendly.
The introduction of these upgraded Orb devices is aligned with a plan to deploy them in self-service kiosks in select areas to expedite the expansion of person verification protocols worldwide.
To further diversify its identity verification procedures, World has presented World ID Credentials, enabling users to confirm their identities using NFC-enabled passports, adding a level of convenience and choice.
Introducing World App 3.0 with several groundbreaking functions, most notably the World ID Deep Face, aimed at safeguarding the authenticity of visual content against potential AI-generated distortions.
Boosting accessibility, the company has revealed plans for integration with popular apps like WhatsApp, FaceTime, and Zoom, making its verification services more readily available on familiar platforms.
A pivotal advance in technology is marked by the launch of the World Chain, a second-layer network on Ethereum designed to boost efficiency and deliver new user benefits.
After being unveiled post-keynote, World Chain aims to provide enhanced user experiences with features like integrated World ID, World App, and the Worldcoin token, focusing on real human users for priority access.
In an early wave of engagement, industry giants such as Uniswap, Optimism, Alchemy, and Dune have shown commitment, already forming partnerships with World Chain.
Despite the numerous exciting developments, the value of the WLD token, part of the World ecosystem, saw a minor drop of 1.4%, resting at $2.20 during the latest figures.
Nonetheless, looking at a broader timeline, the token has showcased robust performance with an impressive rise of 28.4% this past week and a 47% increase over the month.
