Worldcoin Partners with Alchemy to Launch World Chain Blockchain

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Hassan Shittu

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Hassan Shittu

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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

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June 26, 2024

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Human-verification project Worldcoin partnered with the web3 infrastructure platform Alchemy on June 26. The collaboration will equip Worldcoin developers with Alchemy’s suite of tools and infrastructure to build the new World Chain blockchain.World Chain will prioritize human verification, digital identity, and decentralized applications while adhering to privacy and security standards.

Alchemy Technology Facilitating World Chain

Just in: Worldcoin is partnering with @AlchemyPlatform to bring World Chain to life ⚪️ pic.twitter.com/ECKikbkXby

— Worldcoin (@worldcoin) June 26, 2024

OpenAI CEO Sam Altman founded Tools for Humanity, and Alex Blania is primarily responsible for developing and promoting the Worldcoin project.

In April, the Worldcoin Foundation announced the creation of World Chain, a new Layer 2 blockchain designed to enhance the Worldcoin project’s efficiency. World Chain will facilitate the assignment of World IDs to individuals who verify their humanity through an eyeball scan. According to its website, nearly 6 million people have signed up for Worldcoin.

Alchemy’s integration with World Chain will provide developers with vital tools such as core node APIs, account abstraction for smart wallets, and data indexing.

Additionally, according to the announcement, World Chain will collaborate with Optimism, Coinbase, and the broader Ethereum ecosystem as part of the Superchain initiative. Following migration from OP, Mainnet World Chain will become the new home for World ID and World App.

Alchemy’s Noam Hurwitz highlighted the partnership’s goal of scaling blockchain applications and bringing more mainstream users on-chain.

“The fundamental way to scale blockchain applications and get more block space is to use rollups, a key piece of infrastructure we are partnering on,” Hurwitz explained.

Worldcoin to Continue Operations in Europe

As part of its expansion efforts, Worldcoin will continue its European operations on June 26, launching World ID orb verifications in six locations across two European cities.This marks the project’s further foray into Europe, following successful implementations in several Latin American countries. Despite these positive developments, Worldcoin has experienced a slight decline in open interest, dropping 0.85% over the past 24 hours to a current valuation of $107.9 million.The price of Worldcoin (WLD) stands at $2.83, down 1.22% in the last 24 hours, with a 24-hour trading volume of $193.8 million.Worldcoin’s price has dropped nearly 60% from its ATH of $11 since last month.