Sam Altman’s Worldcoin project has been renamed World and launched a faster and simpler Orb 2.0 scanner to scan billions of people’s irises. The long-term goal of the project is to create a system for anonymously verifying human identities online.

At a media event, World staff showed plans for Orb 2.0. The new version will be faster to build, use fewer parts and better chips, and run open source code. Chief designer Rich Heley said there needs to be 1,000 more Orbs than there are now, and to be deployed in more places.

World will open "premium authentication experience" stores in Buenos Aires and Mexico City, and plans to deploy Orb in everyday places such as coffee shops. Users can also summon Orb to their homes through an app.

There are also plans to accelerate adoption of the World ID system by submitting government IDs, which Chief Information Security Officer Adiran Ludwig said have additional checks to prevent deepfakes.

The new product, World ID Deep Faces, will help internet users confirm that the people they are communicating with online are not deep fakes. The WLD token fell by about 5% after the launch.