Worldcoin, the cryptocurrency project known for its unique Orb device, is revealing an improved, friendlier version.
Alex Blania, CEO and co-founder of Tools for Humanity, announced the new design exclusively for TechCrunch.
Blania explained that the next iterations of the Orb will be released this year with alternative colors and shapes, aiming for a look more similar to an Apple product.
This change strategically responds to the need for the device to appear “much friendlier” and less intimidating.
The Orb transformation is part of Worldcoin ‘s broader efforts to create a global identity and finance network
The company, co-founded by Blania, Sam Altman and Max Novendstern, has already raised around $250 million from investors.
Despite its innovative technology, which scans people’s irises to create a globally unique ID, the startup has faced skepticism and controversy.
Blania humorously noted that the Orb’s design has generated polarized reactions in the United States.
Worldcoin’s rise is also linked to its rewards system, where users receive the WLD cryptocurrency for undergoing an iris scan.
A reward of 25 WLD is offered for each scan, which is equivalent to approximately $58 based on the current price of $2.31.
Internationally, Worldcoin’s approach has drawn scrutiny, especially regarding privacy and data handling.
Recently, the Kenyan government ordered the company to stop new user registrations due to concerns about privacy and biometric data storage.
The Communications Authority of Kenya raised issues over storing biometric data and exchanging data for money.
In response, Worldcoin committed to implementing crowd control measures and working collaboratively with the government to comply with local regulations.
Despite these challenges, Worldcoin continues its global expansion.
The company recently launched its services in Singapore, promoting the Orb as a method for citizens to verify their unique identity.
This strategy is part of Worldcoin’s goal of creating a global network that establishes universal access to the economy, regardless of the user’s country or background.
This expansion aligns with the company’s vision to rapidly move toward billions of users.
The Orb’s new design and global expansion highlight Worldcoin’s determination to navigate through the complexities of privacy concerns and regulatory scrutiny.
With its updated Orb, Worldcoin seeks to balance innovation with ease of use, striving to establish a more inclusive and accessible digital economy.
