Google Wallet has integrated
ZK proofs for private ID verification, and
Worldcoin has partnered with Visa and Tinder for digital ID expansion.
SPACE ID has also gained attention as a Web3 Domain & Identity, partnering with Coinstats. A worrying incident involved scammers stealing $4M through fake ID of a crypto influencer. Meanwhile, Worldcoin has seen some setbacks, with operations suspended in Indonesia. Projects linked to Sam Altman, such as World Network and Razer, aim to combat gaming's bot problem. The price of Worldcoin surged 28% with the expansion of global ID verification. There are concerns surrounding Pi Coin and potential scam for collecting identity data via ID verification.
Worldcoin has rebranded to
'World', and a competitor, the Billions Network, launched a non-biometric digital ID.
ZK-proofs are recognized as more affordable than traditional ID systems but considered too complicated for decentralized ID. Other significant developments include the execution of a strategic partnership between Animoca Brands' Mocaverse, MOCA Foundation, and TON Foundation. Projects like the
Humanity Protocol and
Worldcoin also aim to rival each other. Breaches involving Fractal ID and Worldcoin highlight the risks surrounding data security in this space. Blockchain identity platform Fractal ID suffered a data breach, and MicroStrategy plans to launch a Bitcoin-based decentralized ID solution.
ID Coin News Analytics from Wed, 15 Aug 2018 07:00:00 GMT to Mon, 05 May 2025 11:24:03 GMT -
Rating -2
- Innovation 4
- Information 6
- Rumor -3
