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
US Dollar hits fresh two-year high ahead of PCE inflationThe US Dollar (USD) retreats slightly on Friday, with the DXY Index trading at around 108.20 after eking out another fresh two-year high of 108.55 during the Asian-Pacific trading session. The move was supported by rising US Treasury yields, widening
Author  FXStreet
Yesterday 12: 46
The US Dollar (USD) retreats slightly on Friday, with the DXY Index trading at around 108.20 after eking out another fresh two-year high of 108.55 during the Asian-Pacific trading session. The move was supported by rising US Treasury yields, widening
placeholder
American Express: Buy, Sell, or Hold?American Express (NYSE: AXP) shares have been on an absolute tear. In the past 14 months, they have catapulted 100% higher (as of Dec. 16), consistently hitting fresh all-time high
Author  The Motley Fool
Yesterday 12: 43
American Express (NYSE: AXP) shares have been on an absolute tear. In the past 14 months, they have catapulted 100% higher (as of Dec. 16), consistently hitting fresh all-time high
placeholder
USD/JPY dips to test a previous top at 156.60 following hot Japanese inflationThe Yen is picking up from five-month lows on Friday, supported by a somewhat softer US Dollar and hot Japanese inflation figures.
Author  FXStreet
Yesterday 12: 16
The Yen is picking up from five-month lows on Friday, supported by a somewhat softer US Dollar and hot Japanese inflation figures.
placeholder
Solana whale sbfonchain.sol is back to buying the hottest meme tokensOne of the most widely watched meme token traders, sbfonchain.sol, is back to buying.
Author  Cryptopolitan
Yesterday 12: 14
One of the most widely watched meme token traders, sbfonchain.sol, is back to buying.
placeholder
Crude Oil set for weekly loss as Fed cuts off any rally attemptOil prices saw recovery attempts fail and edges lower for the fifth consecutive day on Friday.
Author  FXStreet
Yesterday 11: 34
Oil prices saw recovery attempts fail and edges lower for the fifth consecutive day on Friday.
Related Instrument
goTop
quote