Shopify, Minecraft, and Reddit will begin using World ID to identify specific types of users. Thus, Sam Altman’s retina-scanned globe will become more useful with World ID 2.0. On the other hand, Ziliqa announced that it is collaborating with Google Cloud, one of the leaders in the industry. The developments had a positive impact on the relevant altcoin prices.
Worldcoin announces major expansion, altcoin jumps!
Worldcoin, the crypto startup founded by OpenAI CEO Sam Altman, announced a major collaboration on Wednesday. Worldcoin has announced a major expansion of its eye-scan identity platform, including integrations with major tech firms and a new multi-level verification system for the World ID “digital passport.” Tiago Sada, product manager at Tools for Humanity, the company behind Worldcoin, said in an interview that World ID 2.0 is a “monumental upgrade” for the protocol that combines “the ideas originally laid out in the white paper” with “the feedback we heard from developers.”
Sada stated that Worldcoin will begin offering on-site participation in its proof of identity service in Singapore and Mexico. He also named several companies that will begin allowing users to sign in using World ID, including Shopify, Mercado Libre, Minecraft, Reddit, and Telegram. Tools for Humanity said in a statement that the 2.0 update will help these new partners “by making it easier to distinguish between bots and verified people online.”
Following the news, the altcoin price jumped from the red zone to the green zone. While WLD was traded at $2.3 during the day, it jumped to $2.53 with the development. Although the token lost slight altitude later on, it continues to trade in the green zone. The token is running around 2% in the green at a time when the market is generally declining.
WLD daily price chart. Source: CoinMarketCapZiliqa is collaborating with Google Cloud!
On the other hand, Ziliqa announced an important partnership. The altcoin project announced that it is collaborating with Google Cloud, one of the leaders in the industry. Zilliqa is a public, permissionless blockchain designed to deliver high throughput. The project has the ability to complete thousands of transactions per second. It aims to solve the Blockchain scale and speed problem by using sharding as a layer-2 scaling solution. The platform hosts many decentralized applications. Blockchain researcher and reporter House of Chimera announced the development as follows:
Zilliqa 2.0: Advances in Blockchain Technology with Google Cloud Integration and Hybrid Consensus Mechanism
- Zilliqa 2.0 promises improved flexibility, higher transaction throughput and cost efficiency.
- Google Cloud will host an SSN, which is crucial for network services and transaction record keeping.
- Adoption of Proof-of-Stake (PoS) consensus with SSNs playing a direct role in transaction verification.
https://twitter.com/HouseofChimera/status/1734922096470282560
This news became a bit of a catalyst for the altcoin price. Although ZIL price could not move out of the red zone, it recovered some of its losses. The token moved from $0.02243 to $0.0233.
ZIL daily price chart. Source: TradingView
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