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
Fed Decision Eve: 104 Economists Expect No Change; Why Is Citadel Securities Betting on a Surprise Hike?The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
Author  TradingKey
7 hours ago
The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
placeholder
WTI Oil flirts with the $80 level amid speculation about US-Iran peace talksOil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
Author  FXStreet
8 hours ago
Oil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
placeholder
Gold declines despite easing concerns over inflation, interest rate hikesGold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
Author  FXStreet
16 hours ago
Gold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
placeholder
Gold Price Forecast: Gold Poised to Break $4,200 as Oil Price Slump Eases Inflation FearsAs of the Asian session on July 27, gold prices ( XAUUSD) opened with a strong gap up today and maintained its upward momentum intraday, briefly breaking through $4,100 during the session
Author  TradingKey
Yesterday 08: 51
As of the Asian session on July 27, gold prices ( XAUUSD) opened with a strong gap up today and maintained its upward momentum intraday, briefly breaking through $4,100 during the session
placeholder
Middle East War updates: US-Iran pause strikes as Trump weighs up diplomatic optionsHere’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
Author  FXStreet
Yesterday 01: 32
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
Related Instrument
goTop
quote