Rebranded World Network boosts iris-scanning crypto push with new devices
World Network, previously known as Worldcoin, is stepping up its iris-scanning technology with new devices and wider access initiatives despite growing privacy concerns.
Sam Altman’s cryptocurrency project, Worldcoin, has rebranded as World Network and is intensifying its efforts to scan irises worldwide using its “orb” devices. The project’s core feature, World ID, acts as a digital passport to verify individuals as real humans, helping to distinguish them from AI bots online. At an event in San Francisco, World Network revealed an updated version of its orb device, boasting 5G connectivity and enhanced privacy features, alongside new initiatives to improve access to the technology.
Despite signing up over 6.9 million people since its launch in July 2023, the project has faced criticism from privacy advocates regarding the collection and storage of personal data. Several countries, including Spain and Portugal, have temporarily banned the use of the orb devices, while Argentina and Britain are currently reviewing the project.
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