World ID is set to expand to the Solana ecosystem
The integration of Solana blockchain into World ID, developed by Worldcoin, is now underway, following a significant financial boost of around $70,000 from the Worldcoin Foundation to Wormhole Labs.
During the previous summer, Sam Altman's Worldcoin became a sensation, as reported by one of its creators, with an average of one person signing up every eight seconds. In a strategic move to reignite interest in Worldcoin, the foundation initiated a funding program, earmarking upwards of $830,000 in WLD tokens to support various initiatives.
Among these initiatives is the Wormhole protocol, which is setting the stage for Worldcoin's World ID to be adopted on the Solana network.
Wormhole facilitates the movement of information and assets across more than 30 blockchain landscapes, including but not limited to Solana, Ethereum, and the Binance Smart Chain. This recent development is poised to introduce World ID, initially developed on Ethereum and the layer-2 Optimism scaling solution, to the Solana blockchain.
At the heart of Worldcoin's innovation lies the World ID technology. Through the scanning of an individual's eye with Worldcoin's Orb devices, a unique IrisCode is created, leading to the generation of a World ID. This method serves as a robust measure against the backdrop of burgeoning AI advancements, effectively certifying the authenticity of one's human identity.
Verified individuals gain access to the World App, which offers the dual functionality of disclosing personal attributes without compromising privacy and acting as a cryptocurrency wallet supporting Bitcoin, Ethereum, and USDC.
The project's appeal is evidenced by its registration of over 2 million participants, a figure that has prompted investigative scrutiny from various countries regarding its compliance with legal statutes. Notably, France and Germany embarked on a joint inquiry into the project's legal standing, while Kenya has imposed a complete prohibition on its operation.
Wormhole's objective now includes enabling the authentication of World IDs on Solana, originally verified on Ethereum, through the implementation of a novel Solana smart contract. This contract will utilize Wormhole Queries, a service designed for the cross-chain retrieval of data.
This announcement coincided with the pioneering public proposal for a Solana ETF in the United States by VanEck on Thursday. This proposed ETF saw an immediate impact on Solana's market value, experiencing a 6.6% surge within an hour of the filing.
