Worldcoin has joined forces with blockchain infrastructure giant Alchemy to power its ambitious World Chain project. The 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, World Chain is expected to accelerate its development 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. Launching with over 10 million users, World Chain will significantly benefit from Alchemy’s technical infrastructure, which is designed to scale as it onboards more users, applications and developers around the world. As part of the partnership, 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 seamless onboarding and development on Blockchain.
Alchemy emphasized the importance 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 World ID can serve as a seamless proof of identity for on-chain users. Alchemy also plans to collaborate closely with Optimism and the broader Ethereum ecosystem as part of the Superchain initiative, further enhancing its interoperability and functionality to the World Chain.
Worldcoin’s European expansion and WLD price performance
Worldcoin, known for its privacy-protecting identity system, begins its expansion in Europe today, June 26. Cryptocoin.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 in a secure and private way. The tech industry is closely watching how Worldcoin’s privacy-focused approach will fare 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. Additionally, 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.
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