Worldcoin (WLD) Unveils Orb 2.0 Iris-Recognition Tech, Rebrands as "World"

Following a recent CNF update, where WLD was riding a strong uptrend, Worldcoin (WLD) rebranded itself as “World” and introduced its new Orb 2.0

Worldcoin (WLD) has rebranded itself as “World” and unveiled its Orb 2.0 technology at a media event in San Francisco on Monday.

The event showcased an updated version of the iris-recognition technology, featuring a more advanced Jetson chipset from Nvidia. This upgrade reportedly enhances AI capabilities fivefold and reduces component complexity.

World is also expanding its Orb 2.0 availability, introducing self-service kiosk options and the ability to request the Orb via an application. These changes aim to broaden the project’s focus from digital assets to identification verification in an AI-driven world.

Despite the introduction of World Chain, a Layer 2 Ethereum-based blockchain that has support from major blockchain entities such as Optimism, Uniswap, and Alchemy, traders remained skeptical, and WLD’s price dropped by 5%, falling to $2.11.

However, technical analysis suggests a potential bullish reversal, with a breakout from a falling wedge pattern. If the price breaks out, initial resistance is expected at $2.47, followed by price targets of $4.01, $5.41, and a stretch target of $6.57, contingent on positive developments in Orb 2.0 and further adoption of World’s identity-verification system.