Worldcoin collaborates with Alchemy to launch World Chain, bringing advanced blockchain infrastructure and expanding into Europe with World ID orb verifications.
Alchemy, a blockchain infrastructure giant, has partnered with Worldcoin to facilitate the development of its ambitious World Chain initiative. This partnership provides Worldcoin access to Alchemy’s established infrastructure, encompassing a comprehensive array of developer tools and rollup hosting services. It is anticipated that World Chain’s development will be expedited by utilizing Alchemy’s expertise, which can potentially transform the landscape of blockchain technology and digital identity.
Potential and Partnership of Worldcoin and Alchemy
World Chain is powered by Alchemy and is uniquely situated to support Worldcoin’s vision. The technical infrastructure of Alchemy, which is intended to expand as it onboards more users, applications, and developers worldwide, will significantly benefit World Chain, which will launch with over 10 million users.
Alchemy will incorporate its comprehensive platform into World Chain as part of the partnership. This platform includes core node APIs, account abstraction for smart wallets, data indexing, and APIs. This integration will enable Alchemy developers to access World Chain immediately with a few taps in the dashboard, thereby facilitating seamless onboarding and development on the chain.
Alchemy has emphasized the significance of promoting World ID as a fundamental component of web3 infrastructure and supporting its implementation. The emphasis will be on privacy-preserving human verification to guarantee that World ID can be a seamless proof of personhood for on-chain users. Alchemy intends to improve the interoperability and functionality of World Chain further by establishing a close partnership with Optimism and the broader Ethereum ecosystem as part of the Superchain initiative.
European Expansion of Worldcoin and Dynamic Price of WLD
Worldcoin, distinguished by its privacy-preserving identity system, is commencing its European expansion today, June 26. The company is implementing World ID orb verifications in six locations across two European cities, with the second city set to go live tomorrow. Following its successful rollout in numerous Latin American countries, this expansion represents Worldcoin’s inaugural foray into Europe.
The World ID orb verification system, the foundation of Worldcoin’s technology, allows users to securely and privately verify their identity. The tech industry is closely monitoring the impact of Worldcoin’s privacy-focused approach on the stringent regulatory environment in Europe as operations commence today.
In the past 24 hours, the open interest in Worldcoin has experienced a negative 0.85% decline despite this positive development. The current valuation of Worldcoin is $107.9 million. Today, the price of Worldcoin (WLD) is $2.83, with a 24-hour trading volume of $193.8 million. This indicates a 3.09% decrease in price over the past 24 hours but a 2.71% increase over the past seven days, with a circulating supply of 250 million WLD.
