Market Cap: $2.1532T -0.32%
Volume(24h): $35.0938B -46.31%
  • Market Cap: $2.1532T -0.32%
  • Volume(24h): $35.0938B -46.31%
  • Fear & Greed Index:
  • Market Cap: $2.1532T -0.32%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$87959.907984 USD

1.34%

ethereum
ethereum

$2920.497338 USD

3.04%

tether
tether

$0.999775 USD

0.00%

xrp
xrp

$2.237324 USD

8.12%

bnb
bnb

$860.243768 USD

0.90%

solana
solana

$138.089498 USD

5.43%

usd-coin
usd-coin

$0.999807 USD

0.01%

tron
tron

$0.272801 USD

-1.53%

dogecoin
dogecoin

$0.150904 USD

2.96%

cardano
cardano

$0.421635 USD

1.97%

hyperliquid
hyperliquid

$32.152445 USD

2.23%

bitcoin-cash
bitcoin-cash

$533.301069 USD

-1.94%

chainlink
chainlink

$12.953417 USD

2.68%

unus-sed-leo
unus-sed-leo

$9.535951 USD

0.73%

zcash
zcash

$521.483386 USD

-2.87%

Cryptocurrency News Articles

Worldcoin’s World ID Is Coming to the Solana Ecosystem

Jun 27, 2024 at 07:00 pm

Worldcoin’s World ID is set to expand to the Solana ecosystem, after Wormhole Labs received approximately $70,000 in funding from the Worldcoin Foundation.

Worldcoin’s World ID Is Coming to the Solana Ecosystem

ART, FASHION, & ENTERTAINMENT DECRYPT HUB

Worldcoin’s World ID is set to expand to the Solana ecosystem, following Wormhole Labs receiving approximately $70,000 in funding from the Worldcoin Foundation.

Sam Altman’s Worldcoin was all the rage last summer, with the project’s co-founder claiming that people were signing up every eight seconds on average. In a bid to propel the project back into the public consciousness, the Worldcoin Foundation launched a grants program, allocating over 830,000 WLD tokens to fund projects.

One such project is cross-chain protocol Wormhole, which is set to bring Worldcoin’s World ID to the Solana blockchain.

?️ @Worldcoin World ID is coming to @Solana. Powered by @Wormhole. ? pic.twitter.com/LFqg1y5JrJ

— Wormhole (@wormhole) June 27, 2024

Wormhole facilitates the transfer of data and assets across over 30 blockchains, including Solana, Ethereum, and Binance Smart Chain. This latest move will see Worldcoin’s World ID—which was originally built on Ethereum and layer-2 scaling network Optimism—arrive on Solana.

World ID is the technology at the heart of the Worldcoin project. By scanning your eye using one of Worldcoin’s Orbs, you are provided with an IrisCode, which is then used to generate a World ID. This process serves to attest to your “personhood” and is a response to the rapid advancements in artificial intelligence (AI).

Once you have proven yourself to be a real person, you can proceed to use the World App. This allows users to disclose information about themselves while maintaining privacy through the platform’s ID system. In addition to this, the World App also functions as a crypto wallet, enabling users to store Bitcoin, Ethereum, and USDC.

The company has claimed that over 2 million people signed up for the project, which attracted regulatory scrutiny from several nations. France and Germany, for instance, coordinated an investigation into the legality of the project, while Kenya banned it altogether.

Wormhole is now aiming to enable Solana-based protocols to verify users’ World IDs that were originally verified on Ethereum. This will involve a new Solana smart contract that utilizes Wormhole Queries, a cross-chain data retrieval service, to achieve this goal.

The announcement comes on the same day that the first attempt at launching a spot Solana ETF in the U.S. was made. VanEck filed for a Solana ETF in the U.s on Thursday, which quickly saw the token’s price increase by 6.6% within the hour.

Daily Debrief

Original source:decrypt

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Aug 03, 2026