Worldcoin Joins Forces with Alchemy to Unveil World Chain Blockchain
On June 26, the human-verification initiative Worldcoin struck a partnership with the web3 infrastructure titan, Alchemy. This alliance will empower Worldcoin developers with Alchemy’s comprehensive suite of tools and infrastructure to construct the innovative World Chain blockchain. Emphasizing human verification, digital identity, and decentralized applications, World Chain will operate in accordance with stringent privacy and security protocols.
Driving the advancement of World Chain is the technology prowess of Alchemy. Sam Altman, the CEO of OpenAI and the brain behind Tools for Humanity, along with Alex Blania, plays a pivotal role in the development and promotion of the Worldcoin project. In a significant move this April, the Worldcoin Foundation unveiled World Chain, a new Layer 2 blockchain aimed at elevating the operational efficiency of the Worldcoin project. World Chain’s primary function will be to allocate World IDs to individuals who validate their humanity via retina scans.
Enthusiastically, nearly 6 million individuals have already enlisted for Worldcoin via its website. Through the integration with Alchemy, World Chain will offer developers crucial resources like core node APIs, account abstraction for intelligent wallets, and data indexing. Furthermore, in line with the Superchain venture, World Chain will collaborate with Optimism, Coinbase, and the broader Ethereum ecosystem. Subsequent to transitioning from OP, Mainnet World Chain will emerge as the new headquarters for World ID and World App.
Noam Hurwitz from Alchemy emphasized the partnership’s objective of intensifying the scalability of blockchain applications and engaging a wider audience on the blockchain. “The fundamental approach to scaling blockchain applications and expanding block space involves employing rollups, a critical infrastructure component central to our partnership,” elucidated Hurwitz.
To expand its reach, Worldcoin will sustain its European operations by rolling out World ID orb verifications in six locations across two major European cities on June 26. This venture represents Worldcoin’s continuous expansion into Europe, following successful ventures in various Latin American regions. Despite some encouraging developments, Worldcoin has observed a marginal decrease in open interest, plummeting by 0.85% within the last 24 hours to a current valuation of $107.9 million.
The current price of Worldcoin (WLD) rests at $2.83, reflecting a 1.22% decline over the past 24 hours, accompanied by a 24-hour trading volume of $193.8 million. Notably, Worldcoin’s price has dipped by almost 60% from its all-time high of $11 since the previous month.
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