OpenAI co-founder Sam Altman and Alex Blania's cryptocurrency venture Worldcoin has undergone a significant rebranding. At a recent San Francisco event, the company announced its transformation into World Network (abbreviated as World), accompanied by major product updates and blockchain advancements.
Key Announcements from World Network
1. Rebranding to World Network
The shift from Worldcoin to World Network reflects the company's expanded vision of building an inclusive blockchain ecosystem. This rebranding aligns with its mission to connect global users through decentralized identity and financial infrastructure.
2. Next-Gen Orb Device
The upgraded Orb hardware features:
- Nvidia Jetson chip for 5x faster AI processing
- Enhanced infrared/visible-light cameras
- 5G support and removable SD card
- 30% fewer components for cost efficiency
"Images are permanently erased from Orb devices post-verification, prioritizing user privacy," emphasized World Network's blog post.
3. World ID 3.0 Advancements
The new digital identity system introduces:
- World ID Credentials: NFC-enabled passport storage for age/nationality verification
- Deep Face Security: Combats deepfake risks with Orb imaging and Face Auth
- Expanded token access: Verified passport holders can claim WLD tokens without Orb scans
4. World Chain Blockchain Launch
The operational World Chain already supports:
- 15 million migrating users
- Integrations with Optimism, Uniswap, and Etherscan
- Priority block space for World ID-verified accounts
👉 Discover how blockchain innovations are reshaping digital identity
Ecosystem Growth Metrics
- World App Wallet: Now ranks as the 3rd-largest global crypto wallet
- Transaction volume: $1.5B+ processed across 150M transactions
- Mini Apps Platform: Enables third-party integrations within World App
Frequently Asked Questions
Q: What happens to my existing Worldcoin tokens?
A: WLD tokens remain fully functional—the rebranding doesn't affect token economics.
Q: How does World ID 3.0 improve privacy?
A: Credentials allow proof of attributes (like age) without revealing actual identity documents.
Q: When will new Orbs be available?
A: Production is scaling globally; check World App for device rollout timelines.
👉 Explore the future of decentralized finance with World Network
This strategic pivot positions World Network at the forefront of blockchain-based identity solutions, combining cutting-edge hardware with privacy-focused protocols.