Home » Blockchain » World ID Launches on Solana Blockchain Amid Regulatory Concerns

World ID Launches on Solana Blockchain Amid Regulatory Concerns

14.09.2024 9:00 2 min. read Alexander Stefanov
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World ID Launches on Solana Blockchain Amid Regulatory Concerns

World ID, the verification service powered by the Worldcoin Orb, has officially launched on the Solana (SOL) blockchain, thanks to the integration of the Wormhole interoperability protocol.

This development allows Solana developers to join a growing number of creators already incorporating World ID into their applications and platforms.

Previously, only Ethereum developers had straightforward access to World ID’s verification system, though it was technically possible to use World ID on other blockchains. With this new integration, Solana becomes the second blockchain to easily authenticate World IDs, opening the door for developers to build user-focused applications across the network.

Robinson Burkey, co-founder of the Wormhole Foundation, emphasized the significance of this step, noting that the combination of World ID and Wormhole Queries empowers developers to build more trusted decentralized applications by verifying real users across different chains.

This progress comes amid regulatory scrutiny for the company behind the orb verification technology. Recently, Singapore’s Deputy Prime Minister and Chair of the Monetary Authority of Singapore (MAS), Gan Kim Yong, announced an investigation into Worldcoin. Seven individuals were suspected of illicit activities involving the buying and selling of Worldcoin accounts and tokens, which may violate the Payment Services Act of 2019. Additionally, MAS clarified that Worldcoin is not recognized as a certified payment service provider under the act.

As a result, a warning was issued to Singaporean consumers, advising them to remain cautious to avoid compromising their World IDs.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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