↑ ID Coin and the Rise of Decentralized Digital Identity Verification: A Recap

A slew of events have unfolded in the digital and cryptocurrency world, specifically around the ID Coin and digital identity validation in general. Holonym, a digital identity startup, acquired Gitcoin Passport. Worldcoin alerts the crypto market with a 28% surge in global ID verification amid its rebranding to World. The World ID, a biometric ID project, mocked Spotify with a privacy meme, further drawing people's attention. Big developments include plans for decentralized ID platforms by MicroStrategy, dubbed MicroStrategy Orange and built on Bitcoin. The World ID has also come onto Solana via Wormhole.

Buenos Aires initiated a blockchain-based ID for its 3.6M residents while Malaysia also adopted Worldcoin for personal verification and digital ID. There is also significant interest in decentralized identity in blockchain as potential 'killer' Web3 use-cases, as per Cardano's sustainability lead.

Despite a data breach at Fractal ID, Worldcoin remained steady with continuous privacy checks, and allowed users to unverify World ID. Simultaneously, Worldcoin ramped up Iris Scanning amid its rebranding efforts. There have also been discussions around the potential reach of ORB (World Coin Token) and its chances to achieve 100 Dollars, driven by new digital ID regulations in Europe.

Humanity Protocol joined the game raising $30M at a $l billion valuation for Decentralized Identification to rival Worldcoin. There were also key developments like Worldcoin launching World ID in Austria, Malaysia, Guatemala, Poland and major integrations for World ID 2.0. Overall, although ID Coin and similar offerings tread a fine line between revolutionizing digital identity and potential privacy issues, they remain critical focus areas in the crypto and blockchain sector.

ID Coin News Analytics from Tue, 04 Sep 2018 12:25:58 GMT to Tue, 11 Feb 2025 13:54:13 GMT - Rating 7 - Innovation 7 - Rumor -1