Worldcoin expands to Solana with its “digital passport”

The integration will take place through Wormhole, a platform that allows networks such as Ethereum, Solana and BNB Chain to interoperate.

The price of WLD increased by several percentage points after the announcement.

Analysts say that the token could have a leading role in this cycle.

Worldcoin, the biometric-based digital identity company, announced the integration of the project into the Solana network. In this way, World ID users, a kind of digital passport, will now be able to access an even wider range of services and decentralized applications (dapps).

According to the announcement, this integration was done through the Wormhole platform, a project that focuses on providing interoperability (cross-chain) between different networks, such as Ethereum, Solana and BNB Chain. Just two months ago, Wormhole Foundation received a grant from the Worldcoin Foundation, which seeks to boost the development of its community by distributing 830,000 WLD tokens among various projects.

The news had an immediate impact on the price of WLD, the Worldcoin token, which is reflected in a 7% increase in its value, reaching a mark of USD 1.55 per token before correcting to USD 1.50.

Despite this rebound, the WLD token has lost 85% of its value since reaching its maximum price of almost USD 12. One of the main factors that drove this downward trend lies in the inflationary nature of the token. There is currently a circulation of 437 million WLD, according to CoinMarketCap. However, the total supply, which will eventually enter circulation, is 10 billion

What does this integration mean for World ID users?

Worldcoin, founded by OpenAI CEO Sam Altman, uses a device called Orb to scan human irises and verify

the identity of its users, providing what they call a World ID - a digital identity. This process and its technology have generated various controversies