Worldcoin down amid World ID bridge to Solana network

Source Fxstreet
  • Worldcoin announced Wormhole's completion of a cross-platform bridge for World ID on the Solana blockchain.
  • Developers can now begin integrating World ID on Solana-based applications.
  • WLD is down over 2% despite the announcement.

Worldcoin (WLD) revealed in a press release on Friday that the Wormhole Foundation has successfully bridged the World ID solution to the Solana network. This move allows developers on Solana to begin integrating World ID on Solana-based apps. Meanwhile, WLD has been down over 2% in the past 24 hours.

Wormhole completes World ID bridge to Solana network

Worldcoin announced the expansion of World ID to the Solana blockchain on Friday through the completion of a bridging process by the Wormhole Foundation.

The identity-based project revealed in a press release that Wormhole, a Worldcoin Community Grants Wave1 recipient, successfully bridged World ID to Solana. This move enables builders on the Solana network to begin integrating World ID for human verification in their protocols.

World ID, developed by Worldcoin, is a decentralized identity solution designed to allow users to prove their uniqueness and humanity while maintaining privacy. 

The solution was previously restricted to just the Ethereum blockchain, although cross-chain functionality was possible. With the bridge to Solana, user IDs that have previously been verified on the Ethereum blockchain can now be integrated across Solana protocols.

"With the integration of World ID and Wormhole Queries, developers can now easily build applications that prioritize real users across chains, improving trust in decentralized ecosystems," said Robinson Burkey, co-founder of the Wormhole Foundation.

WLD is down over 2% as the announcement has yet to impact its price. However, the token has seen over a 14% gain in the past week, bouncing from declines stirred by changes to its unlock schedule in July.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: Gold Drops Below $4,300, Will It Continue to Fall? As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $
Author  TradingKey
11 hours ago
As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $
placeholder
Yen touches 158.37 as Tokyo reopens, then slips back — ¥15.4 trillion of intervention and the 200-day line stand between here and 160USD/JPY reached 158.37 overnight, its highest since early September, then eased to 157.88 as Japanese markets reopened after a three-day holiday. The Ministry of Finance has spent ¥15.4 trillion defending the yen since late July and the BOJ ran a rate check on September 18. The 200-day average sits at 158.43.
Author  Irene Q.
14 hours ago
USD/JPY reached 158.37 overnight, its highest since early September, then eased to 157.88 as Japanese markets reopened after a three-day holiday. The Ministry of Finance has spent ¥15.4 trillion defending the yen since late July and the BOJ ran a rate check on September 18. The 200-day average sits at 158.43.
placeholder
US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth storyUS September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.
Author  Suzie
14 hours ago
US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.
placeholder
Euro weakens below 1.1400 as Fed rate hike expectations reinforce US Dollar strengthThe EUR/USD pair loses ground to near 1.1380 during the early Asian trading hours on Thursday. The major pair extends its downside as hawkish signals from the US Federal Reserve (Fed) boost the US Dollar (USD) against the Euro (EUR).
Author  FXStreet
19 hours ago
The EUR/USD pair loses ground to near 1.1380 during the early Asian trading hours on Thursday. The major pair extends its downside as hawkish signals from the US Federal Reserve (Fed) boost the US Dollar (USD) against the Euro (EUR).
placeholder
Gold Price Forecast: XAU/USD drifts toward $4.300 with bears gaining tractionGold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.
Author  FXStreet
Yesterday 10: 02
Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.
Related Instrument
goTop
quote