A project aimed at tools for humanity, Worldcoin is focusing on mass distribution of its iris-scanning Orbs to reach global scale, similar to networks like PayPal and Facebook, according to CEO Alex Blania.
CEO Alex Blania Says Worldcoin Aims for Facebook-Like Global Scale
Speaking at Korea Blockchain Week 2024 in Seoul, Blania emphasized that scaling is key to making Worldcoin more useful.
“Similar to other networks that have emerged in recent years, such as PayPal or social networks like Facebook, they only become useful when they scale. So all we care about at this point is worldwide distribution and the number of users who are verified and using the service,” Blania said.
Co-founded by Blania and OpenAI CEO Sam Altman, Worldcoin issues “World IDs” to users who verify their identities by scanning their irises with an Orb device.
The goal is to protect individuals from potential risks associated with AI. Users receive WLD cryptocurrencies in exchange for verifying their identity. According to Worldcoin’s website, the project has verified more than 6.5 million World IDs in more than 160 countries.
Blania also hinted at exciting updates to the next-generation Orb devices, which are expected to be announced in the coming weeks.
He noted that the changes will focus on operational models that can have a significant impact on how devices are used.
Blania also revealed that Worldcoin is in talks with South Korean gaming companies for potential collaborations and is working to expand the project’s presence in the country.
Worldcoin is also preparing to launch its own Layer-2 network called World Chain. The project has partnered with blockchain development firms like Hyperlane and Moralis to increase the usability of the new mainnet.
This is an Optimism superchain, similar to Coinbase’s Base, Blania explained, adding that Worldcoin’s scale exceeds the current Optimism mainnet and necessitates the launch of a Layer-2 solution.
*This is not investment advice.