Worldcoin has joined forces with Blockchain infrastructure giant Alchemy to power its ambitious World Chain project. This partnership gives Worldcoin access to Alchemy’s proven infrastructure, including rollup hosting services and a comprehensive suite of developer tools. By leveraging Alchemy’s expertise, the development of World Chain is expected to accelerate and potentially reshape the landscape of digital identity and Blockchain technology.
Worldcoin and Alchemy partnership and potential
Alchemy is uniquely positioned to support Worldcoin’s vision by powering the World Chain. Launched with more than 10 million users, World Chain will benefit significantly from Alchemy’s technical infrastructure, which is designed to scale as it recruits more users, applications and developers around the world. As a module of Stake, Alchemy will integrate its comprehensive platform into World Chain, which includes core node APIs, account abstraction, data indexing and APIs for smart wallets. This integration will allow Alchemy developers to instantly access World Chain with just a few clicks in the control panel. Thus, it will facilitate hassle-free onboarding and development on Blockchain.
Just in: Worldcoin is partnering with @AlchemyPlatform to bring World Chain to life ⚪️ pic.twitter.com/ECKikbkXby
— Worldcoin (@worldcoin) June 26, 2024
Alchemy emphasized the value of supporting the implementation of World ID and promoting it as a core part of the web3 infrastructure. The focus will be on privacy-preserving human verification to ensure that World ID can serve as a seamless proof of identity for on-chain users. Alchemy also plans to work closely with Optimism and the broader Ethereum ecosystem as a module of the Superchain initiative to further enhance the interoperability and functionality of World Chain.
We’re partnering with @worldcoin to bring World Chain to millions of people around the globe.
We’re ready to build with the biggest project in web3. pic.twitter.com/E6FekjReku
— Alchemy (@AlchemyPlatform) June 26, 2024
Worldcoin’s European expansion and WLD price performance
Worldcoin, known for its privacy-protecting identity system, begins its expansion in Europe today, June 26. cryptokoin.com As we reported, the company is launching World ID orb verifications at six locations in two European cities. Additionally, the second city will come to life tomorrow. This expansion marks Worldcoin’s first entry into Europe, following its successful rollout in several Latin American countries. The World ID orb verification system, which is at the center of Worldcoin’s technology, allows users to verify their identities securely and privately. The tech industry is closely watching how Worldcoin’s anonymity-focused approach will play out in Europe’s tight regulatory environment.
Despite this positive development, WLD’s open interest decreased by negative 0.85% in the last 24 hours. Additionally, the current valuation is $107.9 million. Worldcoin (WLD) price is at $2.80 today. In addition, the altcoin has a 24-hour trading volume of $149 million. This represents a price drop of approximately 5% in the last 24 hours. However, the token has recorded a price increase of 0.94% in the last 7 days.