Worldcoin's World ID to Be a Part of Solana

Wormhole has received funding from the Worldcoin Foundation to deploy the World ID system on the Solana blockchain. One of the first decentralized identity

Decentralized identity (DID) protocol Worldcoin and multi-chain connectivity protocol Wormhole have announced a collaboration to integrate World ID into the Solana blockchain.

This integration will enable Solana-based applications to effortlessly verify users' identities, unlocking possibilities for developers within the ecosystem.

According to the announcement, the integration will leverage Wormhole’s Ethereum-Solana State Bridge Service to propagate World ID state roots from Ethereum to Solana.

This aims to enhance user identification across blockchains and will be facilitated by deploying the SolanaWorldIDProgram smart contract to verify and store the state roots.

Worldcoin aims to provide everyone with access to the digital economy by creating a decentralized identity protocol.

DID protocols are designed to give individuals control over their digital identities, allowing them to decide which aspects to reveal and to whom.

This contrasts with traditional centralized identity systems, where a single entity, such as a government or corporation, manages and controls users' digital identities.

Both protocols have experienced significant growth and adoption in recent months.

Worldcoin, founded in 2020, has raised over $250 million in funding and claims to have scanned over 1 billion people for its DID protocol.

Meanwhile, Solana, launched in 2020, has become one of the leading blockchain protocols for decentralized finance (DeFi), non-fungible tokens (NFTs) and Web3 gaming, thanks to its high transaction throughput and low fees.

Solana is currently ranked ninth in terms of market capitalization among cryptocurrencies globally, with a market cap of over $50 billion, according to CoinGecko.

Both Worldcoin and Solana have also seen their native tokens, Worldcoin (WRC) and Solana (SOL), respectively, perform well in the cryptocurrency market.

However, both tokens have experienced some volatility and price declines in recent months due to the broader bear market in crypto.