Worldcoin (WLD), a cryptocurrency with a unique approach to confirmation of individuals' humanness through the use of
World ID, is attracting attention globally. The World ID technology, which has recently been deployed in Poland, leads to a 5% surge in WLD's price. Accelerating its growth, Worldcoin expanded its World ID to the
Solana network via Wormhole resulted in a 10% increase in its currency value. A similar outcome was noticed when the World ID was launched on Solana, leading to a 7% price boost.
Sam Altman's Worldcoin project has ignited more interest with its development of its own blockchain network. The project's focus on biometric digital identification has provoked concerns about privacy. Nevertheless, the concept is considered a substantial idea, considering the potential of the decentralized ID Web3 use cases.
Other big players in the crypto market like MicroStrategy are venturing into similar initiatives. MicroStrategy is developing its 'Decentralized ID' solution using Bitcoin. The sustainability lead of Cardano, another significant name in the industry, has also expressed the idea of decentralized ID as a gamechanger in the Web3 space.
In 2024,
SPACE ID, another crypto project, is anticipated to be successful. However, the sector has also witnessed some breaching incidents, such as the Fractal ID case. Lastly,
Worldcoin's expansion across Europe continues as it initiates its digital ID launch in Austria.
ID Coin News Analytics from Thu, 15 Dec 2022 13:40:00 GMT to Wed, 18 Sep 2024 19:46:36 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -6
