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Worldcoin Teams Up With Alchemy To Launch World Chain – Crypto News

Published

1 year ago

June 26, 2024

Dripp

Worldcoin has joined forces with blockchain infrastructure giant Alchemy to power its ambitious World Chain project. This partnership grants Worldcoin access to Alchemy’s proven infrastructure, including rollup hosting services and a comprehensive suite of developer tools. By leveraging Alchemy’s expertise, World Chain’s development is expected to accelerate, potentially reshaping the landscape of digital identity and blockchain technology.

Worldcoin & Alchemy’s Partnership and Potential

Alchemy is uniquely positioned to support Worldcoin’s vision by powering World Chain. Launching with over 10 million users, World Chain will benefit significantly from Alchemy’s technical infrastructure, which is designed to scale as it onboards more users, applications, and developers worldwide.

As part of the partnership, Alchemy will integrate its comprehensive platform into World Chain, which includes core node APIs, account abstraction for smart wallets, data indexing, and APIs. This integration will allow Alchemy developers immediate access to World Chain with just a few clicks in the dashboard, facilitating seamless onboarding and development on the chain.

Alchemy has highlighted the importance of supporting World ID’s implementation and promoting it as a fundamental piece of web3 infrastructure. The focus will be on privacy-preserving human verification to ensure that World ID can serve as a seamless proof-of-personhood for onchain users. Alchemy also plans to collaborate closely with Optimism and the broader Ethereum ecosystem as part of the Superchain initiative, further enhancing the interoperability and functionality of World Chain.

Also Read: Custodia Bank CEO Predicts “Rip Roaring” Bitcoin Bull Market, Slams Warren Wing

Worldcoin’s European Expansion & WLD Price Dynamic

Worldcoin, renowned for its privacy-preserving identity system, is beginning its European expansion today, June 26. The company is launching World ID orb verifications across six locations in two European cities, with the second city going live tomorrow. This expansion marks Worldcoin’s first entry into Europe, following its successful rollout in several Latin American countries.

The World ID orb verification system, central to Worldcoin’s technology, enables users to confirm their identity securely and privately. As operations commence today, the tech industry is closely monitoring how Worldcoin’s privacy-focused approach will fare in Europe’s stringent regulatory environment.

Despite this positive development, the open interest in Worldcoin has shown a negative 0.85% decline in the past 24 hours, with a current valuation of $107.9 million. The price of Worldcoin (WLD) stands at $2.83 today, with a 24-hour trading volume of $193.8 million. This represents a 3.09% price decline in the last 24 hours, but a 2.71% price increase over the past 7 days. With a circulating supply of 250 million WLD.

Also Read: Forget $1, Dogecoin (DOGE) Price Can Drop to 8 Cents Before Resuming Bull Run

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