Just-In: Worldcoin Teams Up With Alchemy To Launch World Chain

Coingapestaff
June 26, 2024 Updated June 12, 2025
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Worldcoin Debuts World ID Verification In Poland, WLD Price Soars 5%

Highlights

  • Worldcoin collaborates with Alchemy to enhance the World Chain project with robust blockchain infrastructure.
  • Alchemy provides core node APIs, smart wallet abstractions, and data indexing, facilitating seamless development.
  • Worldcoin begins European expansion with World ID orb verifications, marking its first entry into Europe.

Worldcoin has joined forces with blockchain infrastructure giant Alchemy to power its ambitious World Chain project. This partnership grants Worldcoin access to Alchemy’s proven infrastructure, including rollup hosting services and a comprehensive suite of developer tools. By leveraging Alchemy’s expertise, World Chain’s development is expected to accelerate, potentially reshaping the landscape of digital identity and blockchain technology.

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Worldcoin & Alchemy’s Partnership and Potential

Alchemy is uniquely positioned to support Worldcoin’s vision by powering World Chain. Launching with over 10 million users, World Chain will benefit significantly from Alchemy’s technical infrastructure, which is designed to scale as it onboards more users, applications, and developers worldwide.

As part of the partnership, Alchemy will integrate its comprehensive platform into World Chain, which includes core node APIs, account abstraction for smart wallets, data indexing, and APIs. This integration will allow Alchemy developers immediate access to World Chain with just a few clicks in the dashboard, facilitating seamless onboarding and development on the chain.

Alchemy has highlighted the importance of supporting World ID’s implementation and promoting it as a fundamental piece of web3 infrastructure. The focus will be on privacy-preserving human verification to ensure that World ID can serve as a seamless proof-of-personhood for onchain users. Alchemy also plans to collaborate closely with Optimism and the broader Ethereum ecosystem as part of the Superchain initiative, further enhancing the interoperability and functionality of World Chain.

Also Read: Custodia Bank CEO Predicts “Rip Roaring” Bitcoin Bull Market, Slams Warren Wing

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Worldcoin’s Expansion & WLD Price Dynamic

Worldcoin, renowned for its privacy-preserving identity system, is beginning its Ecuador expansion today, June 26. The company is launching World ID orb verifications across six locations in two European cities, with the second city going live tomorrow. This expansion marks Worldcoin’s first entry into Europe, following its successful rollout in several Latin American countries.

The World ID orb verification system, central to Worldcoin’s technology, enables users to confirm their identity securely and privately. As operations commence today, the tech industry is closely monitoring how Worldcoin’s privacy-focused approach will fare in Europe’s stringent regulatory environment.

Despite this positive development, the open interest in Worldcoin has shown a negative 0.85% decline in the past 24 hours, with a current valuation of $107.9 million. The price of Worldcoin (WLD) stands at $2.83 today, with a 24-hour trading volume of $193.8 million. This represents a 3.09% price decline in the last 24 hours, but a 2.71% price increase over the past 7 days. With a circulating supply of 250 million WLD.

Also Read: Forget $1, Dogecoin (DOGE) Price Can Drop to 8 Cents Before Resuming Bull Run

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.