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    Worldcoin unveils new Layer-2 network ‘World Chain’

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    World has launched a new layer of Ethereum blockchain, named World Chain, focused on improving efficiency and adding new functionality for users. World Chain prioritizes human users over bots, providing them with preferential access to block space and free gas. The blockchain integrates with various applications such as Optimism, Uniswap, Zerion, and Alchemy. World, founded by Sam Altman, former CEO of OpenAI, uses iris scanning technology to confirm identities and help solve issues rooted in rapid AI development. The new network launch has not significantly affected the market value of their WLD token.

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    World, initially known as Worldcoin, has rolled out a new layer of Ethereum blockchain called World Chain. This project was created by Sam Altman and is aimed at confirming the identity of human beings.

    Users who have registered via iris scanning for a World ID can now use this new network. World Chain came to life with an aim to improve efficiency and present fresh features to Worldcoin token users.

    World Chain places humans (holders of World IDs) over bots. It gives humans preferential access to the block space and a certain amount of free gas.

    This new blockchain also supports a bunch of cool apps like Optimism for compatible operations, Uniswap for trading of assets, Zerion for real-time APIs, and Alchemy for development, among others.

    World Chain was introduced to the public for the first time in April. With the announcement of World Chain, the company changed its name from Worldcoin to World. They also showed off a new version of their iris-scanning tool, the Orb.

    Alongside the Orb, World offered new ways to confirm identity using apps like FaceTime, WhatsApp, and Zoom. The latest version of Orb, powered by Nvidia hardware, is more operative and much stronger than the earlier version, with smaller size and fewer parts.

    World, formerly known as Worldcoin, came into existence in July 2023. It was started by OpenAI CEO Sam Altman, present CEO Alex Blania, and Max Novendstern, who also works as the head of biometrics research company Mana.

    Worldcoin is designed to solve identification issues resulting from fast advancement in AI. It’s also looking to introduce a new universal basic income model through its WLD token.

    Through the World App, Worldcoin users can register a unique identity by scanning their irises on an Orb device. After verifying themselves, users can opt to receive some free WLD tokens.

    The introduction of the new network hasn’t really affected the price of the WLD token, which didn’t show any major fluctuations since the announcement.

    Source: Cointelegraph

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