Worldcoin Collaborates with Alchemy to Introduce World Chain Blockchain

Worldcoin Collaborates with Alchemy for the Launch of World Chain Blockchain
Worldcoin, in partnership with the web3 infrastructure platform Alchemy, has announced the development of the World Chain blockchain.
The joint effort aims to provide Worldcoin developers with a comprehensive set of tools and infrastructure from Alchemy to construct the innovative World Chain blockchain.
Dedicated to human verification, digital identity, and decentralized applications, World Chain will maintain a strong focus on upholding privacy and security standards.
Role of Alchemy Technology in Empowering World Chain
Sam Altman, the CEO of OpenAI’s Tools for Humanity, initiated the partnership alongside Alex Blania, who plays a pivotal role in the advancement and promotion of the Worldcoin project.
In an earlier announcement in April, the Worldcoin Foundation revealed the inception of World Chain, a cutting-edge Layer 2 blockchain intended to optimize the operational efficiency of the Worldcoin ecosystem. World Chain’s core function will involve the issuance of unique World IDs to individuals after verifying their humanity through an eye scan.
The official website indicates a significant interest in Worldcoin, with close to 6 million individuals already registered.
The integration of Alchemy with World Chain will offer essential resources to developers, including core node APIs, account abstraction for smart wallets, and data indexing capabilities.
Additionally, the collaboration between World Chain and Optimism, Coinbase, and other entities within the Ethereum community, under the Superchain initiative, signals a new phase in the project’s evolution. As the migration progresses from OP to Mainnet, World Chain is poised to become the central hub for World ID and World App activities.
Noam Hurwitz from Alchemy emphasized the partnership’s objective of expanding the reach of blockchain applications and attracting a more diverse user base.
A Strategic European Endeavor for Worldcoin
On June 26, Worldcoin embarked on an expansion initiative in Europe, launching World ID orb verifications across six locations in two European cities.
This strategic move represents Worldcoin’s concerted efforts to establish a stronger presence in Europe, following successful initiatives in various Latin American nations.
Despite facing a slight dip in open interest, experiencing a 0.85% decrease over the last 24 hours, Worldcoin currently holds a valuation of $107.9 million. The token’s price, denoted as WLD, stands at $2.83, marking a 1.22% decline in the past day, with a trading volume reaching $193.8 million.
Notably, Worldcoin’s value has witnessed a significant decline of almost 60% from its all-time high of $11 recorded last month.
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