Reported by Coin World:
After receiving approximately $70,000 in funding from the Worldcoin Foundation, the World ID of Worldcoin will expand to the Solana ecosystem.
Last summer, Sam Altman’s Worldcoin gained popularity as the co-founder claimed an average of one registration every eight seconds. In order to re-launch the project into public consciousness, the Worldcoin Foundation initiated a grant program, allocating $830,000 worth of WLD tokens to fund the project.
One of the projects is the cross-chain protocol Wormhole, which aims to introduce Worldcoin’s World ID to the Solana blockchain. Wormhole helps to transmit data and assets across more than 30 blockchains, including Solana, Ethereum, and Binance Smart Chain. This latest move will bring the World ID of Worldcoin, initially established on Ethereum and the second-layer scaling solution Optimism, to Solana.
WorldID is the core technology of the Worldcoin project. By using Worldcoin’s Orbs to scan your eyes, you will receive an IrisCode, which is then used to generate the World ID. This process is to prove your “personhood” and eliminate the possibility of being a bot, in response to the rapid advancement of artificial intelligence (AI).
Once you have proven yourself to be a real person, you can use the World application. This allows users to maintain privacy through the platform’s ID system while revealing their information. In addition, the World application also functions as a crypto wallet, allowing users to store Bitcoin, Ethereum, and USDC.
The company claims that over 2 million people have signed up for the project, attracting regulatory scrutiny from multiple countries. For example, France and Germany are coordinating investigations into the legality of the project, while Kenya has completely banned the project.
Wormhole’s current goal is to enable the Solana-based protocol to verify the World ID of users initially verified on Ethereum. For this purpose, a new Solana smart contract will leverage Wormhole Queries, a cross-chain data retrieval service.
On the same day as the announcement, the United States made its first attempt to launch a spot Solana ETF publicly. VanEck applied for a Solana ETF in the United States on Thursday, causing the token’s price to soar 6.6% within an hour.
