Despite his focus on OpenAI, the Sam Altman co-founder World is expanding to the US amid changing regulations, creating a potential upside for the WLD token
Sam Altman’s blockchain project World has announced its intention to build an Orb factory in Richardson, Texas. This is in addition to plans to roll out 7,500 eye-scanning orbs in a few cities in the United States by the end of the year.
World Orb Users Get Access to World App
During a press conference in San Francisco, Altman and a few Tools for Humanity executives announced the project’s expansion into the US. The startup intends to start with six key innovation hubs: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco, for the deployment of the orbs. These chrome, bowling ball-shaped devices function by scanning a person’s eyeballs in a bid to confirm their identity.
Once an individual uses the Orb service, they will gain access to the World app and receive an airdrop of the platform’s WLD token. With the World app, these users are guaranteed access to crypto-backed loans.
This is conducted via Morpho’s non-custodial lending protocol and prediction markets through Kalshi. Later, holders of the WLD token will be allowed to spend their tokens like cash with a new World-linked Visa debit card.
Also, World is working on integrating its identity-verification technology into some online dating apps like Tinder and Match Group. In Japan, Tinder and online dating giant Match Group are taking steps towards entering a pilot phase, using ID to verify the ages of its users.
By spreading to these US cities, the project is trying to achieve a significant distribution of the Orbs and give at least 180 million Americans, more than half the population, access to World’s network. This will ultimately impact the adoption WLD, and potentially drive up its price.
Decentralized Identity Concept Goes Global
Less than a year ago, World expanded to Austria as part of its revolutionary move to enhance decentralized identity verification. This particular event marked an additional extension of Worldcoin’s European operations. It reflects the firm’s commitment to establishing a widespread, decentralized identity verification network across Europe and beyond via project’s ID verification.
Like Worldcoin, Cardano Foundation is entering the decentralized identity space in collaboration with Veridian. The latter is an open-sourced digital identity platform that utilizes open-source “key event receipt infrastructure” (KERI). Cardano Foundation’s head of decentralized trust and identity solutions, Thomas A. Mayfield, stated that,
“With Veridian it is now possible to build quantum resistant, globally interoperable, enterprise-grade solutions for individuals and organizations.”
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