Sam Altman's Worldcoin Project Rebrands to 'World,' Launches Ethereum-Based Layer-2 Network

The team also announced the introduction of World Chain, a blockchain that can be customized to meet its specific demands.

Sam Altman's cryptocurrency project Worldcoin will now be known as “World.” The team also announced the launch of World Chain, an Ethereum-based Layer-2 network.

At an event on Thursday, OpenAI CEO Altman and other executives unveiled several new developments.

The team outlined plans for “Orb 2.0,” an enhanced version of the biometric imaging device that the project uses to collect people's iris in exchange for WLD tokens.

The team also announced the introduction of World Chain, a blockchain that can be customized to meet its specific demands. With 15 million human data points, it was dubbed the “largest blockchain of humans on day one.”

Sam Altman launched the Worldcoin project last year with much fanfare.

However, the positive publicity quickly turned sour as concerns over personal data privacy emerged. The project has been banned in Hong Kong, Kenya, and Spain.

The persistent scrutiny impacted the performance of the WLD token, which is down 40% year-to-date.

Price Action: At the time of writing, WLD was trading at $2.21, down 1.95% in the past 24 hours, according to data from Benzinga Pro.

This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.