Worldcoin is gaining traction in the market, with its price surging 28% following its expansion of global ID verification. A key attribute of Worldcoin is its decentralized identity, a feature employed in a successful KYC trial for Mainland Chinese in Hong Kong. The cryptocurrency has rebranded its identity to 'World' and expanded its services into Austria. Worldcoin's ID services also introduce greater control over personal data through unverification. Its World ID service has even received a boost by connecting to the
Solana network via
Wormhole, further enabling its mainstream adoption.
MicroStrategy is also venturing into decentralized identity with its Bitcoin-based platform, MicroStrategy Orange. In a similar line of action,
Coinbase is gradually ushering in a new era of decentralized ID through its Base ID tool. The
European Commission has selected Iota Web3 ID for its blockchain sandbox and
Sam Altman's Worldcoin has grown significantly after the launch of OpenAI’s ‘Sora’ video tool while maintaining focus on its digital identity services.
Malaysia has also adopted Worldcoin for personal verification and digital ID purposes, and the Worldcoin project is slowly permeating global markets with its World ID on Solana.
The
Blockchain ID project, called Humanity Protocol, received a $30M funding boost, setting it at unicorn status. This project works in tandem with digital identity, thereby introducing more competition into the ID Coin market. Importantly, the blockchain ID project
Fractal ID recently experienced a data breach, exposing the vulnerability of such systems.
Worldcoin, amidst various developments, has introduced an innovative feature that allows holders more control over their data by offering the ability to unverify World ID.
ID Coin News Analytics from Tue, 04 Sep 2018 12:25:58 GMT to Mon, 16 Dec 2024 08:00:00 GMT -
