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
Bulls Rout. Bitcoin Slumps Over 16% in a Week to Hit Bottom, Cryptocurrency Market Faces "Serial Liquidations"During the Asian trading session on June 5, Bitcoin extended its recent slump, falling more than 3.5% within 24 hours. It briefly broke below $62,000, hitting a low of $61,100, bringing i
Author  TradingKey
Yesterday 10: 01
During the Asian trading session on June 5, Bitcoin extended its recent slump, falling more than 3.5% within 24 hours. It briefly broke below $62,000, hitting a low of $61,100, bringing i
placeholder
Gold declines below $4,500 on stalled US-Iran ceasefire talks, US NFP data loomsGold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday. 
Author  FXStreet
Yesterday 01: 25
Gold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday. 
placeholder
Bitcoin Suffers Year’s Strongest Waterfall-Style Decline. Will It Next Drop to the $60,000 Mark?During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
Author  TradingKey
Jun 04, Thu
During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
placeholder
Bitcoin drops below $65K amid reinforced bear market signalsBitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Author  FXStreet
Jun 04, Thu
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
placeholder
Forex Today: US Dollar stays resilient ahead of key US dataHere is what you need to know on Wednesday, June 3:
Author  FXStreet
Jun 03, Wed
Here is what you need to know on Wednesday, June 3:
Related Instrument
goTop
quote