News

Layer 2 World Chain Mainnet Launch Boosted Through Partnership With Dune

Key Points:

  • Worldcoin has partnered with Dune Analytics to enhance the transparency and accessibility of data for World Chain.
  • Over 10 million World App users are set to migrate once the World Chain mainnet goes live.
Worldcoin announces a new partnership with Dune Analytics focused on bringing more transparency and data accessibility for their Layer-2 blockchain, World Chain.

Read more: Worldcoin Account Sales Under Investigation In Singapore Over Security Risk

World Chain Mainnet Lines Up Pre-Launch in Focus on Scalability

This collaboration will make sure that users and developers have important tools to access and analyze on-chain data once the World Chain mainnet is live. Dune, being the leading provider of web3 data analytics, ensures that blockchain data and analysis tools are generally available.

With this partnership, the Worldcoin Foundation, along with its contributors like Tools for Humanity, makes an aim at offering live access to blockchain data for launching to the Worldcoin community.

The data will give a landscape of metrics including the number of active users on the network, and the performance of DeFi protocols and DEXs running on the chain. These are expected to be key in assessing network growth and adoption.

In addition to the improved data availability, the collaboration will explore ways to increase global financial inclusion. World Chain positions itself as the first blockchain of human interaction, with the aim of driving innovation in this area.

Worldcoin Pivots, Overhauls Community Innovation Program

Worldcoin announced the World Chain in April as a Layer-2 network built on the OP Stack, the centrepiece of Ethereum’s Superchain. The project also focused on scalability, so it’s estimated that World Chain will process almost twice as much data as OP Mainnet.

More than 10 million users currently using World App will migrate to World Chain from OP Mainnet when the World Chain mainnet goes live. This mainnet was due initially this summer but went into delay and is expected anytime soon.

The announcement comes also after Worldcoin made a strategic retreat from Europe, where it was under scrutiny for its iris data collection and privacy practices.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town

Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…

5 hours ago

Crypto Market Outlook 2025 Key Factors to Watch

The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…

8 hours ago

Bitcoin Quantum Computing Threat Expected to Take Decades

The Bitcoin quantum computing threat is years away, but reserves already support post-quantum signatures via…

8 hours ago

Best New Meme Coins to Invest in Today: BTFD Coin Wows Investors with Unmissable Stage-7 Price Reversal as Book of Meme and Snek Crash

Don't miss BTFD Coin's Stage-7 presale dip! Find out why it's leading the pack of…

8 hours ago

Crypto Hedge Funds Banking Issues Persist Over Recent Years

A WSJ survey reveals crypto hedge funds banking issues over three years, with 120 out…

8 hours ago

GraniteShares Crypto ETFs Target U.S. Crypto-Related Stocks

GraniteShares Crypto ETFs aim to offer leveraged exposure to crypto-focused stocks like Riot Platforms and…

8 hours ago

This website uses cookies.