Several key developments in the crypto world are tapping into the utility of IDs.
Worldcoin is leading the trend, expanding applications of its proprietary biometric system,
World ID. The system has gained widespread recognition, leading to surges in the company's token price. Also coming into play is
MicroStrategy's decentralized ID platform, appearing set to rival Worldcoin with a Bitcoin-dependent system, promising exciting dynamics in the crypto market.
SPACE ID is also making headway, notably following a major movement of tokens to an exchange platform. Meanwhile, other competitors, such as Iota's Web3 ID, have been selected by the European Commission for a blockchain sandbox, while Humanity Protocol has achieved unicorn status, raising $30M towards their blockchain ID initiative. However, note-worthy regional resistance has emerged, notably from Spain, which has called for a halt on Worldcoin's data collection efforts.
Worldcoin has recently expanded World ID to Guatemala, Malaysia, and Poland, further bolstering its global reach. Amid all these developments, the notion of digital identification in the blockchain space is fast shaping up to be a remarkable disruptive force.
ID Coin News Analytics from Sat, 18 Mar 2023 04:45:53 GMT to Mon, 25 Nov 2024 06:03:26 GMT -
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