Sam Altman’s Worldcoin Becomes ‘World Network’ as Project Expands Beyond Initial Vision
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
Worldcoin, the crypto project OpenAI CEO Sam Altman co-invented, announced Thursday that it is rebranding to World Network. Alongside the rebranding, the company unveiled several initiatives to expand its initial vision for global identity verification.
Amid scrutiny over its data collection practices, the venture revealed a new iteration of its orb iris-scanning device at an event in San Francisco. The upgraded Orb features 5G connectivity. It delivers nearly five times more AI performance than its predecessor using the latest NVIDIA Jetson chipset, the team said.
The streamlined design is said to reduce complexity with 30% fewer parts. Also, it includes a removable external SD card for easy inspection, addressing data transparency concerns.
Beyond the Orb, World Network is developing alternative methods for individuals to join its identity project without undergoing an iris scan.
The new World ID 3.0 features World ID Credentials, a way for even more people to participate in & benefit from World Network using things like an NFC-enabled passport. pic.twitter.com/sLGRCEzIiD
One approach enables users to scan their NFC-enabled passports. This allows them to verify their age, nationality, and passport ownership without revealing their full identity. It aims to provide a privacy-conscious option for those hesitant about biometric data collection.
Further, World Network said it is responding to the growing threat of deepfakes and digital impersonation. It is integrating its identity verification system into popular communication platforms. Applications such as FaceTime, WhatsApp, and Zoom are among
Read more on cryptonews.com
