Worldcoin Rebranding Drives WLD Token to All-Time High

- Worldcoin Announces Redesign of Iris Scanning Device 'Orb' - Efficient AI Processing with NVIDIA Jetson Chipset [Unblock Media] Recently, Worldcoin announced a rebranding and will now start anew under the name 'World'. Along with this, a new version of the iris scanning device, Orb, has been unveiled. This device leverages NVIDIA’s Jetson chipset to provide faster and more efficient AI processing capabilities, which is particularly beneficial for models that prove humanity. Additionally, the renewed Orb has reduced the number of components, enhancing production efficiency. Already deployed in certain regions, including Berlin, this device is used to verify people’s presence and facilitates access to Worldcoin tokens. However, privacy and security concerns have persisted. Regulatory authorities in Germany and France are investigating Worldcoin’s data privacy and security measures. To address these issues, World has implemented Multi-Party Computation (MPC) technology to distribute user data across multiple servers, preventing unilateral access. They have also added more transparent code operations, audit functions, and turned core components into open-source, making them available on GitHub. World ID and the World App have also been updated. Alex Blania said that World ID will serve as an anonymized human layer of the internet, integrating various identity verification methods and offering secure data storage capabilities. Consequently, it will also support government-issued IDs. Additionally, a "Deep Face" feature has been introduced to prevent identity theft by hackers. This feature verifies users’ identities through real-time facial recognition and is compatible with popular video call apps like FaceTime, WhatsApp, and Zoom. It is set to become a crucial tool for enterprises and financial institutions. Meanwhile, the World App has added new features such as a "Mini App" tab, supporting multiple languages and around 50 currencies. This provides a platform for third-party developers to easily distribute apps and increase interaction among users. Following Worldcoin (WLD)'s rebranding announcement, token prices temporarily fell by nearly 10%. However, prices have since recovered, reaching up to $2.47 by mid-October. On October 14, prices climbed to $2.36, marking the highest level in five months. Recent technical indicators suggest the possibility of a continued upward trend for Worldcoin.