Critical development in Worldcoin (WLD): How will it be reflected in the price?
The Sam Altman-backed Worldcoin ($WLD ) project has changed its name to World Network, or World for short, as part of its rebranding.
With this change, the project launched its World Chain mainnet, an Ethereum-powered Layer 2 blockchain network, on Thursday. Platforms such as Optimism, Alchemy, Uniswap, Safe, Dune and Etherscan will support the launch of World Chain.
In a statement made by World to The Block, the reason for the change in the project name was explained as follows:
“As the scale of the project grows along with the proof of human protocol of World ID, the name ‘Worldcoin’ no longer fully reflects our mission, our goal of empowering every human being.”
The project has three main pillars: World Chain, World ID and Worldcoin. The main goal is to create a future that places humans at the center of artificial intelligence advancements by building a network of verified real humans.
Worldcoin was launched in July 2023 and offers users a digital identity solution called World ID, which allows them to verify their identity online and on-chain. Users can obtain this digital passport and the project’s native token, WLD, by verifying their biometric data (such as an iris scan) via a metal sphere. World Network claims to have received more than 10 million registrations in 160 countries.
The development team behind the project is led by Tools For Humanity. This team was founded by Sam Altman, who is also the CEO of OpenAI. World Network stands out as a project that aims to distinguish humans from automated actors in the digital world where $AI chatbots and assistants are increasingly common.
