Blockchain
Worldcoin, Sam Altman’s eye-scanning crypto project, announces its own blockchain
The Worldcoin Foundation, the entity behind Worldcoin, has unveiled World Chain, an open-source Ethereum layer 2 network set to debut in mid-2024. This blockchain integration is intricately linked with the Worldcoin protocol and aims to expedite the adoption of “World ID.”
Worldcoin, as described on its website, is a free, privacy-centric, open protocol envisioned to become the largest identity and financial public network globally. Its primary objective is to verify individuals’ “humanness” in an era plagued by bots and deepfakes. This verification process involves users gazing into an Orb, with the resulting biometric image transformed into an unbreakable string of numbers. Coupled with an algorithm, this code confirms an individual’s unique human identity, providing validation through a World ID stored in the World App on their smartphone.
“With the substantial and rapid growth of our community, it’s time to transition to a dedicated network,” stated the company. Currently, over 10 million individuals from 160 countries have registered their eyeballs, and verified wallets have been utilized in 75 million transactions.
This serves as a digital passport affirming personhood, akin to a blue checkmark on a social media account. It enables users to authenticate web, mobile, and decentralized applications while privately asserting their human status. As a token of appreciation for the scan, users receive airdropped Worldcoin tokens, presently valued at around $5 each.
“At this juncture, the question is not whether proof of personhood will exist—the real query is whether it will be open-source, decentralized, and privacy-preserving,” remarked Tiago Sada, head of product at Worldcoin developer Tools for Humanity.
It is estimated that 80% of all blockchain transactions are automated, leading to congested networks and higher gas fees due to bots, including those farming yield. Therefore, the necessity for solutions like World ID becomes increasingly apparent as blockchains expand.
Worldcoin user transactions currently reside on OP Mainnet, previously known as Optimism, the primary blockchain network in the Optimism ecosystem. These transactions represent nearly half of the network’s activity, occasionally exceeding 80% during peak periods.
World Chain is primarily designed to substantially enhance capacity to facilitate the seamless onboarding of new users at scale. Nonetheless, users of World ID and Worldcoin tokens will retain the flexibility to deploy them across various blockchains, maintaining their status as neutral public goods.
While Ether will remain the native token, users will have the convenience of using Worldcoin tokens to pay fees. This enables verified humans to utilize their Worldcoin grants immediately in applications on the chain.
“The objective is not solely to enhance inclusivity but to minimize friction in the onboarding process. The protocol will strive to achieve a balance where gas fees for casual users are ultimately offset by fees from bots and power users,” the company asserted.
However, the extent of interest in this plan’s implementation remains uncertain, as the market capitalization of Worldcoin tokens has declined by over a third since March 26, reaching approximately $955 million, according to CoinGecko data. Additionally, the price has halved since the start of March. Whether the development of a bespoke blockchain tailored to World ID holders will bolster the coin’s prospects remains to be seen.
Concerns have been raised regarding the Orbs’ legality in various European countries due to apprehensions about data harvesting. Presently, Germany is the sole market where Worldcoin can collect biometrics. Moreover, some observers have pointed out that Sam Altman, the co-founder and chairman of Tools for Humanity, is selling a solution to the challenges accelerated by his company, OpenAI.
Source: fortune.com
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Blockchain
Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation
Blockchain’s metamorphosis from niche ledger technology to the backbone of Web3 has never been more evident. Today, we cover five stories that illustrate the evolving ecosystem: a gaming platform issuing its own token on Solana; Europe’s marquee Web3 summit; a major bank forecasting a “ChatGPT moment” for blockchain; a Southeast Asian conference aimed at busting crypto myths; and a foundation rebuilding blockchain from the ground up to solve scalability. Each development—whether product launch, industry gathering, macro forecast, educational initiative, or infrastructure innovation—offers a window into the trends shaping decentralized finance, NFTs, DeFi, and beyond.
1. BitNile.com to Launch Nile Coin on Solana
News Summary
Hyperscale Data’s subsidiary BitNile.com will introduce the Nile Coin on Solana starting May 1, 2025. The U.S.–based social gaming site chose Solana for its high throughput and low fees, aiming to enhance in-game economies, reward engagement, and deliver seamless micro-transactions. Details on tokenomics and governance are forthcoming, but management touts Nile Coin as a cornerstone of future gaming experiences.
Source: CoinTrus
Analysis & Commentary
Launching a proprietary token underscores two converging trends: the gamification of finance and finance-ification of gaming. By minting Nile Coin, BitNile.com taps into DeFi mechanics—staking, liquidity pools, NFT rewards—while leveraging Solana’s scalability. Strategically, BitNile.com positions itself for partnerships with NFT marketplaces and DeFi protocols, potentially opening secondary markets for in-game assets and generating new revenue streams beyond ad sales or subscription fees.
2. Dutch Blockchain Week 2025 Gears Up in Amsterdam
News Summary
From May 19–25, Amsterdam will host the sixth annual Dutch Blockchain Week, culminating in the two-day summit (May 21–22) at De Meervaart. Tier 1 exchanges (Bitvavo, Kraken, Coinbase), Web3 pioneers (WOW.ai, Blockrise), regulators (European Commission, De Nederlandsche Bank), and industry partners (Mastercard, Deloitte) will convene. Side events range from AI-powered hackathons tackling compliance to padel networking meetups—underscoring the event’s blend of technology, policy, and community.
Source: Dutch Blockchain Week
Analysis & Commentary
Dutch Blockchain Week typifies the maturation of blockchain conferences into multidisciplinary forums. Beyond token talk and yield farming, panels on regulation, institutional adoption, and security reflect Web3’s integration into mainstream finance. Anticipate announcements on CBDC pilots, DeFi compliance frameworks, and cross-chain interoperability projects that may emerge from the Block & Order Hackathon.
3. Citigroup Predicts Blockchain’s “ChatGPT Moment”
News Summary
In an April 23 report, Citigroup analysts argue that 2025 could be blockchain’s “ChatGPT moment,” driven by regulatory clarity around stablecoins and integration with traditional financial systems. They forecast stablecoin market capitalization ballooning to $1.6 trillion (base case) or as much as $3.7 trillion (bull case) by 2030—anchored by dollar-denominated issuers and collateralized with U.S. Treasuries. Regulatory frameworks like the GENIUS Act could catalyze adoption among banks and fintechs.
Source: Cointelegraph
Analysis & Commentary
Drawing parallels to generative AI’s explosive growth, Citigroup envisions a tipping point where blockchain moves from experimental to essential infrastructure. Successful integration will hinge on robust compliance tools, auditability, and clear governance models. Enterprise blockchain vendors should prepare for surging demand in tokenized payments, on-chain settlements, and embedded DeFi rails within legacy systems.
4. Philippine Blockchain Week 2025 Debunks Crypto Myths
News Summary
Scheduled for June 10–11 at SMX Convention Center Manila, Philippine Blockchain Week (PBW) 2025 will tackle misinformation and spotlight real-world use cases. Highlights include “Crypto, Unpacked” sessions demystifying the technology; “Smart Regulation” panels uniting policymakers and innovators; and “Blockchain for Impact” showcases on remittances, disaster relief, and digital identity. Founding President Donald Lim emphasizes government support and public–private collaboration to spur inclusive growth.
Source: UseTheBitcoin
Analysis & Commentary
PBW exemplifies how emerging markets leverage education to accelerate Web3 adoption responsibly. By engaging regulators early, PBW can shape balanced frameworks that encourage innovation while protecting consumers—an instructive model for markets wrestling with both hype and skepticism.
5. D.O.G.E Foundation Launches New Blockchain, Opens Seed Round
News Summary
The D.O.G.E Foundation announced a ground-up blockchain rebuild designed to solve the scalability and reliability challenges plaguing existing networks. This modular architecture separates validation from execution to enable parallel transaction processing—targeting real-time gaming, DeFi under high load, and AI-driven applications. A seed funding round is now open to investors who share the vision of a performant, decentralized infrastructure.
Source: D.O.G.E Altcoin GlobeNewswire
Analysis & Commentary
As layer-1 congestion and high gas fees persist, new entrants must justify a “why now” with clear architectural advantages. If the D.O.G.E blockchain delivers real-world throughput and maintains decentralization, it could spur a renaissance of high-performance DeFi protocols and NFT platforms hungry for cost-effective base layers.
Conclusion & Key Takeaways
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Tokenization of Entertainment: BitNile’s Nile Coin on Solana highlights blockchain’s expansion into gaming economies and NFT reward systems.
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Convergence of Tech, Policy & Community: Dutch Blockchain Week showcases Web3’s evolution into an ecosystem engaging regulators, enterprises, and developers under one roof.
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Mainstream Inflection Point: Citigroup’s “ChatGPT moment” thesis suggests blockchain is poised for exponential adoption given regulatory support.
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Education as Catalyst: Philippine Blockchain Week’s myth-busting curriculum underscores the importance of public–private dialogue in emerging markets.
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Infrastructure Innovation: The D.O.G.E Foundation’s modular, high-throughput chain exemplifies the next wave of layer-1 networks addressing real-time, real-world use cases.
Today’s stories convey that blockchain’s next chapter will be written through strategic token launches, global convenings, regulatory clarity, educational outreach, and radical infrastructure redesign. By tracking these threads, industry participants can anticipate opportunities in DeFi, NFTs, Web3 games, and enterprise integration. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue to decode the innovations shaping decentralized finance.
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Blockchain
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