![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
Worldcoin Foundation Awards $70,000 Grant to Wormhole to Support WorldID Verification on Solana Blockchain
Jun 28, 2024 at 05:15 am
The Worldcoin Foundation has announced a $70,000 grant to Wormhole to support WorldID verification on the Solana blockchain.
CryptoSlate has launched a new service to help users quickly identify the stories that matter.
“Top Stories” will be a daily email roundup of seven of the top stories published on CryptoSlate in the past 24 hours.
The email will include a short snippet from each story and a link to the full article.
To subscribe to “Top Stories,” click here.
The Worldcoin Foundation announced a $70,000 grant to Wormhole to support WorldID verification on the Solana blockchain.
In a June 27 statement, Worldcoin said the ID integration effort will “equip the Solana ecosystem with a much-needed tool” for proving humanness.
The grant awards 25,000 WLD to Wormhole.
Wormhole described the grant in greater detail, stating that it will seamlessly allow Solana-based protocols to verify user IDs previously authenticated on the Ethereum blockchain.
To do so, Wormhole Queries in an Ethereum-Solana state bridge service will propagate World ID state roots between chains. The state bridge service will monitor the World ID contract and securely transfer changes to Solana, where a smart contract stores World ID state roots and validates inclusion proofs.
Benefits of integration
Wormhole described several benefits related to the integration. The approach will allow for new use cases and demonstrate the versatility of Wormhole’s multichain infrastructure.
Furthermore, the integration aims to make verification easy for developers and ensure forward compatibility with future updates and improvements in verification methods.
The effort also aims to enhance security and decentralization by ensuring ID verification is carried out in a manner that preserves privacy. It will also improve cross-chain interoperability by allowing more decentralized apps to interact with identity verification systems on Ethereum.
Finally, the initiative aims to grow financial inclusion by supporting Worldcoin in providing universal access to the digital economy by serving ID users worldwide.
Other Worldcoin grants
The Worldcoin Foundation has announced 16 grants worth 289,000 WLD in total.
Other grantees include Axiom, Proof of Passport, Farcaster Humaniser, Alphaday, Only Dust, Encode Club, zkSnap, TACEO, Cometh, Herodotus, World Poll, Agora, Fuzzing Labs, Satori, and BBB & Company.
TACEO previously contributed to Worldcoin’s data collection revamp.
The recipient projects are tasked with strengthening the Worldcoin ecosystem in various ways, from research and development to educational and outreach efforts.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
- Fidelity Investments introduces an individual retirement account (IRA) that permits private investors to invest in cryptocurrencies
- Apr 03, 2025 at 10:10 am
- According to the company's website, investors can add virtual assets to their retirement portfolio through Fidelity Crypto for IRAs. However, only Bitcoin, Ether, and Litecoin are the assets available now.
-
- President Donald Trump Announces Sweeping Reciprocal Tariffs on Global Imports and Declares April 2, 2025, “Liberation Day”
- Apr 03, 2025 at 10:10 am
- President Donald Trump marked April 2, 2025, as “Liberation Day” for American industry, signing an executive order to impose reciprocal tariffs on imports
-
- The price of Solana (SOL) is desperately trying to remain above important support levels amid increasing pressure
- Apr 03, 2025 at 10:05 am
- In the last 24 hours SOL crashed from $138 to $131, wiping out gains from a mid-March rally. Technical charts show a bearish rejection at the 50% Fibonacci retracement level ($146.5)
-
- Ethereum (ETH) is again in the limelight, since technical indicators indicate bullish and network activities to a possible turnaround.
- Apr 03, 2025 at 10:05 am
- The ETH is currently acting at $ 1900, whereby analysts indicate a potential bull run if the asset can reclaim the most important resistance levels.
-
- U.S. House Financial Services Committee Advances “STABLE Act” Aimed at Creating a Dedicated Framework for Stablecoin Regulation
- Apr 03, 2025 at 10:00 am
- The STABLE Act, designed to create a dedicated federal framework specifically for stablecoin regulation, has reportedly gained significant bipartisan support.
-
-
- Shocking footage has emerged of a woman cutting down a poster of independent Fowler MP Dai Le
- Apr 03, 2025 at 09:55 am
- Shocking footage has emerged of a woman cutting down a poster of independent Fowler MP Dai Le, saying she's doing so because the Vietnamese-Australian is a “Communist” and a “Muslim”.