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(ORB)

The Orb is a specialized biometric imaging device developed for the Worldcoin project. Its main function is to verify human uniqueness in a secure and privacy-preserving manner, allowing individuals to obtain a World ID. By scanning an individual's iris, it creates an iris code, which serves to confirm that each person is a unique human being. This process is crucial for the distribution of the associated WLD token and for enabling identity verification in the digital realm.

Worldcoin claims the Orb incorporates various privacy and security features, including cryptographic keys and data encryption. It processes data in RAM only, ensuring images and derivatives are deleted from the Orb and sent to the user's device after an iris code is generated. Worldcoin emphatically states it has never, and will never, sell any personal data, including biometric information. Users are required to provide explicit consent after reviewing terms and conditions before undergoing verification. The project also mentions third-party audits.

The Orbs Network is an open, decentralized public blockchain infrastructure functioning as a separate execution layer. It enhances existing smart contracts and supports Web3, DeFi, NFTs, and GameFi applications. The ORBS token is integral to this network, primarily used for staking within its Proof-of-Stake (PoS) consensus mechanism. Token holders can stake their ORBS to secure the network, participate in governance by exercising voting power, and earn rewards, contributing to the decentralization and operation of the platform.

Staking ORBS tokens involves locking them in a compatible non-custodial wallet through an official decentralized application (dApp) interface. Participants delegate their tokens to network guardians, which operate the execution layer. Rewards are distributed based on the amount of ORBS staked, an active multiplier influenced by the lock duration, and the total network stake. Stakers also have the option to claim their accumulated rewards and re-stake them, a process known as compounding, to potentially increase future earnings. This process strengthens network security and decentralization.

The ORB decentralized social media application is built on the Lens protocol using the Polygon blockchain. It aims to empower users by allowing them to own their digital identity and content, and to monetize their contributions on their own terms, free from traditional platform restrictions. It seeks to address common issues in Web3 social media, such as clunky user experiences and the challenge of establishing on-chain credibility, by providing a permissionless and user-centric platform where content ownership and self-sovereignty are prioritized.

The ORB Web3 gaming platform is built on the energy-efficient Tezos blockchain, utilizing a Proof-of-Stake consensus. It serves as an ecosystem providing developers with tools and SDKs to seamlessly integrate Web3 functionalities, like Non-Fungible Tokens (NFTs), into their games. A unique aspect is its governance model: owners of specific ORB-infused NFTs are granted voting rights. This allows the community to actively participate in key decisions regarding the platform's development, direction, and future initiatives, fostering a decentralized and community-driven gaming environment.