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Highlights
- Worldcoin has extended World ID solutions to Solana
- This hyped relationship was cemented by Wormhole
- Despite regulatory strain that persists, WLD price has positive bullish leaning
World ID, the Worldcoin Orb verification service, is now on the Solana (SOL) blockchain after successfully implementing the interoperability protocol Wormhole. This milestone will enable builders on the Layer-1 blockchain to join the growing number of developers already integrating World ID into their apps and platforms.
World IDs on Ethereum and Solana
For the longest time, only Ethereum-based developers have had seamless access to World ID’s uniqueness and humanness verification, although it was technically possible to use World ID on other chains. With this latest development, Solana becomes the second blockchain that can easily authenticate peoples’ World IDs. Additionally, it offers developers the platform to build applications that prioritize real users across the chain.
Robinson Burkey, co-founder of the Wormhole Foundation highlighted that having World ID on Solana is a big step forward for identity verification globally.
“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,” He added.
Meanwhile, this achievement comes while the company behind the orb verification technology is facing some regulatory challenges. Two days ago, the Deputy of Singapore PM and chair of the Monetary Authority of Singapore (MAS) Gan Kim Yong, announced an investigation into Wordcoin as seven individuals were on suspicions of illicit trade.
All seven of them were suspected of engaging in buying and selling these accounts and tokens, actions that could violate the Payment Services Act of 2019. Moreso, the officials emphasized that the MAS does not consider Worldcoin a certified payment service provider according to the provisions of the PS Act.
Consequently, he issued a warning to Singaporean consumers, advising them to remain vigilant and avoid jeopardizing their World IDs.
WLD Price Sees Major Liftoff
On one hand, the WLD price has seen improvements recently. The recent rebound came from the hype surrounding o1 AI model release by OpenAI.
After struggling consistently below a strong resistance, the token registered a price boost, spiking by 16% in one 4-hour candle before retracing and settling around 5%. At the time of this writing, WLD traded at $1.48 with a 5.62% increase in the last 24 hours.
Based on a recent WLD price analysis, there are expectations that the token will rally by about 34%. This could catapult the crypto to $2.00 and if the buying pressure persists, it could break above the $2.00 psychological barrier and head to the next major resistance around $3.20.
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