Worldcoin has announced that its World Chain will prioritize verified human users over bots by providing them with priority access to block space and a free gas allowance.
The World Chain, an Ethereum layer 2 blockchain, was introduced by the “proof-of-humanity” project Worldcoin, which was founded by Sam Altman and later rebranded as World.
Worldcoin Unveils World Chain
Worldcoin announced on October 17 that the network is now accessible to the 15 million users who have verified their identity by scanning their iris for a “World ID.”
The company established World Chain in order to enhance efficiency and introduce new functionality to users of its Worldcoin WLD token, as it continues to broaden its onboarding initiatives.
World announced that its forthcoming blockchain would prioritize verified human users, as well as those with World IDs, over malware. This will be achieved by providing them with access to block space and a free gas allowance.
Furthermore, World announced that its blockchain would include a selection of top-tier applications and initiatives, such as Optimism for interoperability, Uniswap for asset swaps, Zerion for real-time APIs, and Alchemy for development, among others.
World announced World Chain in April of this year, asserting that the network would enhance its “human-centric” approach to promoting the adoption of cryptocurrency. World changed its name and unveiled a new version of its “Orb” biometric device, which is a chrome sphere that the company uses to scan people’s eyeballs, in conjunction with the introduction of World Chain.
The company also disclosed new partnerships with social media applications such as Zoom, WhatsApp, and FaceTime, as well as new options for identity verification.
The new Orb, which is equipped with Nvidia hardware, will be “five times” more potent and more efficient than its predecessor, with a smaller footprint and fewer components, according to the statement.
Worldcoin was established in July 2023 by OpenAI CEO Sam Altman, current CEO Alex Blania, and Max Novendstern, who also serves as the CEO of biometrics research firm Mana. The project was launched out of beta.
Worldcoin is a digital identity project that is founded on cryptography and proposes to address the identity challenges that have arisen as a result of the rapid advancements in artificial intelligence. Furthermore, the organization asserts that its WLD token is intended to introduce a novel universal basic income model.
Users of Worldcoin establish a distinctive identity by scanning their iris at an Orb device with the company’s “World App.” Upon completing the verification process at an Orb, users are able to claim a complimentary allocation of WLD tokens by opting in.
The price of the WLD token fell 2.1% on the day, indicating that it was largely unaffected by World’s announcement of a new network, as reported by CoinGecko.
