Worldcoin, a digital identity project co-founded by OpenAI founder Sam Altman, announced on Thursday its rebranding to World Network (World for short) and announced that its Ethereum second-layer network World Chain has been launched on the mainnet. Optimism, Alchemy, Uniswap, Blockchain projects such as Safe, Dune and Etherscan will support the launch of this blockchain.
“As the scale of the project has grown in tandem with the importance of the World ID Human Proof Protocol, the name ‘Worldcoin’ no longer sums up the project’s mission of advancing development for everyone,” World wrote in its blog post: "With its three pillars (World Chain, World ID and Worldcoin), World is a network truly built by real, proven humans, aiming to achieve an optimistic future where humans continue to be at the center of the AI process."
Launched in July 2023, Worldcoin provides a digital identity solution called World ID that assists in verifying the human identity of users online and on-chain. People can obtain the online passport and cryptocurrency Worldcoin (WLD) by providing their biometric data (such as iris recognition through their Orb device) to prove their unique identity.
Related articles: (Complete introduction to Worldcoin, scan iris, tutorials and functions at once)
World Chain
World Chain is built using OP Stack and works with the "Superchain" ecosystem to achieve scalability. As of October 17, all 15 million World ID holders and World App users have migrated or are in the process of migrating to World Chain. The World team says its user transactions account for approximately 44% of activity on Optimism’s OP Mainnet, making it the largest application on the network.
The World team said: "World Chain is a community exclusively for humans, with more practical applications, gas fee savings, and ultimately, users have the ability to express their opinions on the development direction of World Chain."
At the new world event in San Francisco on Thursday, the World team also announced a number of important updates, including a new generation of Orb devices, World ID 3.0 with new features such as World ID Credentials and Deep Face, and the introduction of mini-apps ( Mini Apps) World App 3.0.
The World team pointed out that World App 3.0 is a brand new platform that allows third-party applications to execute directly within World App and deeply integrate with the user's World ID, Wallet and contacts anonymously.
Introducing World App 3.0, the super app for humans. Now featuring Mini Apps. pic.twitter.com/Db8GYXBg4n
— World (@worldcoin) October 17, 2024
According to CoinMarketCap data, WLD’s market capitalization at press time was $1.19 billion and its currency price was approximately $2.2, down 2.76% in the past 24 hours and up 28% in the past week.
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