World

Worldcoin

Request

Foundation

Open protocol Worldcoin, which is focused on providing digital identities, has partnered with data analytics platform, Dune. The partnership aims to improve data accessibility for World Chain users.
The news comes as Worldcoin has pivoted its focus from Europe to regions with greater growth potential. The project also continues to address regulatory scrutiny surrounding its data collection practices.
<h3 id="span-style-font-weight-400-dune-and-worldcoin-partnership-to-provide-more-data-span">Dune and Worldcoin partnership to provide more data</h3>
Crypto data analytics platform Dune has partnered with <a href="https://www.cryptopolitan.com/worldcoin-price-prediction/" rel="noopener noreferrer nofollow">Worldcoin</a> to improve access to data on World Chain. World Chain is an Ethereum L2 built on the OP Stack and is integrated with Worldcoin. The project claimed that with its launch, people will be able to prove their identity while maintaining their privacy.
The partnership aims to enable users and developers to access and analyze data on World Chain once it launches. This data accessibility could provide information like how many real people are using the network and performance metrics of DeFi or DEXs protocols built on the chain. Dune’s tools could help developers and analysts quantify the network’s growth.
According to the press release, “This new initiative by the Worldcoin Foundation aims to introduce a dedicated blockchain network that will serve as the primary home for World App and World ID,”
Meanwhile, both platforms could announce more initiatives as part of the partnership.
Remco Bloemen, Head of Blockchain at the Worldcoin Foundation, believes that Dune’s analytics tools will give users and developers access to on-chain data. Bloemen notes that it will empower “them to make informed decisions and drive innovation on World Chain.”
Dune co-founder and CEO Fredrik Haga said that World Chain data integration into Dune will track performance, explore cross-chain interactions, and analyze real-world use cases.
<h3 id="span-style-font-weight-400-worldcoin-has-shifted-its-focus-from-europe-span">Worldcoin has shifted its focus from Europe</h3>
The development comes as Worldcoin has pivoted away from Europe. Fabian Bodensteiner, managing director of Worldcoin Europe was quoted saying at a recent <a class="editor-rtfLink" href="https://sifted.eu/articles/worldcoin-europe-gdpr" target="_blank" rel="noopener noreferrer nofollow">summit</a> that the project will prioritize regions like Asia as the company wants to look at places with “larger dynamics” and “bigger business opportunities.”
The project has faced scrutiny in the past over its iris data collection and privacy practices. 
While regulators in the EU and other parts make decisions on the project’s compliance practices, the company is expanding. According to its recent <a class="editor-rtfLink" href="https://worldcoin.org/blog/announcements/new-world-worldcoin-project-update-san-francisco" target="_blank" rel="noopener noreferrer nofollow">blog</a>, the project has plans to scale its current user base from ~7 million verified humans to 700 million plus.
The Worldcoin Foundation also revamped its community grants program in October. The Foundation updated its Request for Proposals (RFP) while targeting more innovation and engagement within its community. 
Meanwhile, the WLD token has recorded gains in the last 7 days. According to CoinGecko, WLD is up 10% over the last week with around 4% gains on the 24-hour chart. However, amid its regulatory struggles and new launches, the direction of price movement remains uncertain in the long run.

Worldcoin, Dune enter partnership after the former’s shift from Europe

Table of Contents

Cryptopolitan_News

Other articles published on Oct 11, 2024

Ripple Doubles Down: Cross-Appeals SEC Ruling in Landmark XRP Case

Qubetics Wallet: The Future of Digital Finance? Explore SUI’s Growth and 5thScape’s VR Innovations

Ethereum Bulls Eye $2520 Target, But Analyst Warns of 53% Correction Risk!

Feds Seek 18-Month Jail Term for Bitfinex Hacker Razzlekhan

Texas Crypto Laundering Ring Busted for Moving $50K Monthly

BREAKING! US PPI Data Announced! What Was Bitcoin's (BTC) First Reaction?!

Join our free newsletter for daily crypto updates!