Worldcoin, the cryptocurrency-based identity verification project founded by OpenAI CEO Sam Altman, has rebranded to ‘World’ and announced the launch of its own Layer-2 blockchain. This comes alongside a revamped biometric imaging device called ‘Orb 2.0’ and a new blockchain designed for customized needs, sparking discussions about data privacy and the future of digital identity.
Kyle Samani, managing partner at Multicoin Capital, believes Ethereum’s recent price struggles stem from structural issues, including broken Layer-2 interoperability and value capture shifting to Layer-2s. He argues that these factors, along with Ethereum’s inherent volatility, make it unsuitable as a store of value, potentially impacting its long-term valuation.
Sony Group Corp. has launched its own Ethereum-based Layer-2 blockchain, Soneium, marking its significant entry into the world of Web3 technology. This move comes as Sony seeks to explore decentralized systems and capitalize on the growing Web3 landscape, particularly in gaming, NFTs, and entertainment.
