Worldcoin, founded by Sam Altman is soaring and making major advances with its pilot project 'World ID Credentials'. The launch of this new project led to an impressive 13% surge. This initiative is behind Worldcoin's boosted price hikes with increments of 15%, 19% and later 28%. The
Global ID Verification System it incorporates is expanding globally, which signals a potentially favorable outlook for buyers.
Breaking down identity transactions, Space ID unlocked a huge chunk of their token supply.
Worldcoin's rebranding to ‘World’ also came with launching its mainnet. Amid rumours of an ID price crash, Worldcoin launched World ID on Solana and Buenos Aires rolled out a blockchain-based ID for its residents. These developments may further incentivize investors.
'World'/Worldcoin further expands to Europe starting from Austria and Malaysia, establishing itself as a digital ID and personal verification system. A competing identity platform, Fractal ID experienced a data breach, contrasting Worldcoin's more secure reputation. MicroStrategy announced its decentralized ID Platform on Bitcoin, competing with Worldcoin's attempt to establish a global ID.
Worldcoin further evolves with its introduction of the World ID Verification service in Austria allowing users to unverify their World ID giving more control over personal data. This coupled with expansions into Poland and Peru puts Worldcoin in a strong position. Despite these advances in the market, potential privacy concerns persist and should be monitored closely.
ID Coin News Analytics from Sun, 17 Jan 2021 06:59:13 GMT to Sat, 30 Nov 2024 16:30:00 GMT -
Rating 7
- Innovation 9
- Information 8
- Rumor 4
