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Worldcoin has unveiled key updates and plans to scale to 1 billion users with new Orbs and a revamped World App.
Key Notes
Worldcoin aims to scale from 15 million users to 1 billion.It has rebranded from Woldcoin to World Network.New Orbs will be delivered on demand and at public spaces to drive verification.On October 17th, Woldcoin WLD $2.12 24h volatility: 4.5% Market cap: $1.15 B Vol. 24h: $519.18 M co-inventors Sam Altman and Alex Blania gave key updates on the project and its plan to onboard 1 billion human users. Currently, Worldcoin, now World Network, has 15 million users with about 7 million verified users.
The network was unveiled five years ago, starting with World ID for proof of humanity and followed by a token, Worldcoin (WLD), launched last year.
Blania, who also serves as CEO of Tools for Humanity, noted that the project was now focused on its third goal—scaling and decentralization—with a target of 1 billion users.
Key Updates
OpenAI’s Sam Altman underscored the project’s importance as a crucial human layer for the internet, given the rise of AI and AI agents.
To achieve its 1 billion users target, the World Network team unveiled a new and improved Orb, the device used to scan the iris of an eye and determine unique human verification. The manufacturing of Orbs is reportedly globally distributed to enhance ‘decentralization.’
Additionally, the devices will be stationed in cafes and other public places and can even be ordered on demand, like pizza, as part of the campaign to reach new users. The new Orbs will be available by Spring 2025.
Perhaps the most interesting updates of the event were the Deep Face and super mini-app. For the Deep Face, the World ID will be integrated with users’ faces to privately verify users and eliminate the risk of deep fakes, which are on the rise.
This is the most exciting part: the new World App will include a super mini-app complete with a wallet and Vault (to allow passive yield on savings). Imagine being able to instantly shop and send money globally at zero or low fees.
The app store will also include games that are not manipulated by bots to drive even more fun and onboarding into the platform.
Finally, World Chain’s mainnet also went live, allowing developers to build apps and solutions for humans at scale.
WLD Price Action
Source: TradingView
On the price charts, the event appeared to be a ‘sell-the-news’ scenario as the WLD price declined after the updates. The altcoin dropped 5% on the daily charts, slipping from $2.3 to $2.0. It remains to be seen how the updates will affect WLD’s market sentiment in the short-term.
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Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with data, charts and patterns, he's interested in making the intricate, complex landscape of digital assets easier for every user.
