- June 27, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
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.
The post Worldcoin’s WorldID to arrive on Solana via Wormhole grant appeared first on CryptoSlate.
