Key Points:
Read more: Worldcoin Account Sales Under Investigation In Singapore Over Security Risk
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 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.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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