Close Menu
Crypto Chain Post
    Trending

    Bitcoin Surge to $330K Possible As OTC Balances Fall

    June 21, 2025

    Interest Rate Showdown: Trump vs. Powell, Massie vs. the Fed

    June 21, 2025

    Matt Furie NFTs Crater 97% After Mint Exploit

    June 21, 2025

    BNB Chain Monthly Perp Volume Hits Record High of $33.29B: What’s Driving It?

    June 21, 2025

    Launchcoin Tumbles as Believe App’s Revenue Falls 94% from May Peak

    June 21, 2025
    Facebook X (Twitter) Instagram TikTok Telegram
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    Saturday, June 21
    Crypto Chain Post
    Price Index Newsletter
    • Home
    • News
      • Bitcoin
      • Ethereum
      • Altcoin
    • Blockchain
    • Markets
    • NFTs
    • DeFi
    • Web3
    • Analysis
    • Metaverse
    • Resources
      • Price Index
      • Crypto Heatmap
      • Glossary
      • Exchange
      • Economic Calendar
    • More
      • GameFi
      • ICO
      • Legal
      • Security
    Crypto Chain Post
    Home » Sam Altman’s Crypto Project Worldcoin Needs More Orbs for Sign-Ups
    Altcoin

    Sam Altman’s Crypto Project Worldcoin Needs More Orbs for Sign-Ups

    News RoomBy News RoomApril 25, 2024No Comments3 Mins Read

    Sam Altman’s Worldcoin project is reportedly running low on orbs, the devices used for iris scans in return for tokens.

    These orbs are biometric imaging devices that securely verify a person’s identity using iris scans. They are intended to prevent multiple accounts or identities within the Worldcoin system.

    Alex Blania, CEO of Tools for Humanity, the developer behind Worldcoin, told Semafor that the startup is expanding silver orb production to meet soaring demand. Currently, between 300 and 500 orbs are available, according to the report published Wednesday.

    The issue highlights Worldcoin’s swift uptake. It was introduced less than a year ago in July. And its primary aim is to enroll every individual globally into its financial system. The World App, which enables access to Worldcoins, currently has 10m users across 160 countries. Also, Worldcoin is said to process over seven transactions per second, ranking it among the top crypto wallets worldwide.

    Semafor reported that the orbs are made in an unidentified German factory. They orbs might have an unassuming appearance. But they feature advanced sensors to prevent counterfeit “World IDs.” This is to guarantee that each digital identity issued is linked to a genuine individual.

    Worldcoin Deals with Unexpected Queues for Eye Scans

    Initially, Blania expected the orbs to travel globally for iris scans. But people flocked to them instead. They queue up to have their eyes scanned in exchange for an initial payment of 10 Worldcoins, followed by three more every two weeks.

    The large crowds surrounding each orb pose logistical challenges. This requires beefing up the security team and having experienced managers for crowd control. Blania reportedly didn’t expect the need to establish strong teams in various markets early on, as he anticipated having more time.

    Worldcoin Navigates Sign-Up Restrictions

    Worldcoin sign-ups are restricted in certain countries due to regulatory and privacy concerns. US individuals cannot use, purchase, or access the coins. Meanwhile, Worldcoin has temporarily halted orb-verification services in India, Brazil, and France.

    Last week, Worldcoin unveiled a new blockchain on the Ethereum protocol “to bring all humans unchain.” World Chain’s developer preview is expected to be released shortly, followed by the full launch later this year.

    Worldcoin’s user transactions account for about 44% of the activity on Optimism, an Ethereum Layer-2 scaling solution, according to the team. This establishes the project as the largest application on the network.

    “Given the scale and growth rate of the community, it’s time to graduate to a dedicated network,” the team said.

    Read the full article here

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related News

    Launchcoin Tumbles as Believe App’s Revenue Falls 94% from May Peak

    June 21, 2025

    Solana highlights 3,200 active devs, $1b+ app revenue for second straight quarter

    June 21, 2025

    What is Pi Network’s Pi2Day and Should Pioneers be Excited

    June 21, 2025

    Tokens Across Major Blockchain Ecosystems Show Strong Weekly Gains in June 2025

    June 21, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top News

    Interest Rate Showdown: Trump vs. Powell, Massie vs. the Fed

    June 21, 2025

    Matt Furie NFTs Crater 97% After Mint Exploit

    June 21, 2025

    BNB Chain Monthly Perp Volume Hits Record High of $33.29B: What’s Driving It?

    June 21, 2025
    Advertisement
    Demo
    Crypto Chain Post
    • Home
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Crypto Chain Post. All Rights Reserved.

    71-75 Shelton Street, Covent Garden, London United Kingdom, WC2H 9JQ

    Type above and press Enter to search. Press Esc to cancel.