Worldcoin (WLD), under the new brand name,
World, has seen a surge in price following its extensive expansion of
World ID, a global ID verification initiative. This program has expanded to more than 40 countries and continues to grow, further building value for the Worldcoin currency. The World ID by
Sam Altman's Worldcoin, provides iris-scanning which competes with Apple's Face ID, boosting the coin's price. Notably,
World ID has extended its bridge to
Solana via
Wormhole, improving interoperability.
Space ID, the digital ID verification service, has moved into regions such as Guatemala, Malaysia, Poland and Austria. Market demand and adoption of this utility has increased with
Buenos Aires implementing a blockchain-based ID system for its residents. The ID verification scheme is not just restricted to geographic areas, companies like the
European Commission have selected
Iota Web3 ID for blockchain use and
Telefonica Tech joined Polygon's Privado ID as a system integrator. Innovations around Worldcoin's ID technology persist with Sam Altman’s iris-scanning technology aiming to support universal income and improve privacy. A standout move comes from
MicroStrategy who plans to launch a decentralized, Bitcoin-based, ID solution, creating competition to
Worldcoin. Nonetheless, Worldcoin continues its momentum by rolling out a digital ID verification service in Austria buoying its price. This
World ID utility happens to play a crucial role in tackling deepfakes and bots while maintaining digital identity across the globe. This ongoing expansion and adoption hints at a possible bullish rebound for
Worldcoin, given its surging performance and increased integration of
World ID.
ID Coin News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Tue, 12 Nov 2024 18:11:26 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 6
