Worldcoin Integrates With Dune Analytics to Enhance Data Accessibility on Its World Chain

Worldcoin has partnered with data analytics platform Dune to enhance data accessibility on its World Chain. World Chain, the Ethereum Layer 2 solution developed on the OP Stack and connected to Worldcoin, will gain from Dune’s superior data instruments.

Worldcoin has recently announced a partnership with Dune, a data analytics platform, to integrate World Chain data into Dune's instruments. This move aims to enhance data accessibility and provide valuable insights to users and developers within the Worldcoin ecosystem.

According to a recent tweet by Worldcoin, this partnership will empower users with the ability to monitor the network's performance and identify actual usage scenarios. The provision of such data is anticipated to aid decision-making and foster innovation within the World Chain ecosystem.

“These instruments will help users make the right choices that will foster growth and innovation within the platform,” said Remco Bloemen, Head of Blockchain at the Worldcoin Foundation.

Fredrik Haga, co-founder and CEO of Dune, stated that integrating World Chain data into Dune will enable users to monitor cross-chain activities effortlessly. This capability will enhance the understanding of the utilization and expansion of the Dune platform.

World Chain is also designed to be compatible with World ID, World App, and the Worldcoin cryptocurrency. Additionally, the blockchain will connect to Ethereum and Optimism as part of the Superchain to expand its offerings. This feature of identity verification in World Chain is expected to provide added value to the verified users through options such as access to block space and transactions without gas fees.

In other news, Worldcoin has shifted its focus from Europe to high-potential regions in Asia. This decision comes amidst concerns raised in Europe regarding how Worldcoin has been collecting data, including the use of iris scans. According to Fabian Bodensteiner, Managing Director of Worldcoin Europe, the company is prioritizing regions with ‘larger dynamics’ and ‘bigger business opportunities’.

Despite these challenges, Worldcoin has managed to expand its user base to 700 million people from the existing 7 million verified users. In this endeavor, the Worldcoin Foundation has also undertaken a refreshing initiative. The community grants program has been revamped by modifying the Request for Proposals (RFP) to foster more creativity within the Worldcoin environment.

Focus Shift from Europe to High-Potential Regions

As reported by Crypto News Flash, Worldcoin has changed its focus from European markets and has started targeting markets with higher growth potential in Asia. This is in the backdrop of concerns raised in Europe over how Worldcoin has been collecting data, including the use of iris scans. According to the Managing Director of Worldcoin Europe, Fabian Bodensteiner, the company is focusing on the regions that are characterized by ‘larger dynamics’ and ‘bigger business opportunities’.

Nonetheless, Worldcoin is expanding its user base to 700 million people from the existing 7 million verified users, even amid regulatory issues. In this expansion, the Worldcoin Foundation has also renewed the community grants program by modifying the Request for Proposals (RFP) to foster more creativity within the Worldcoin environment.

However, regulatory challenges have not been an issue for Worldcoin, as its native token, WLD, has been performing well in the last few days. As reported by CoinGecko, the token has risen by 10% within the past week and by 39% within the last month. As of this writing, Worldcoin has been trading at $1.93, registering 20% in the last 24 hours.

Renowned crypto analyst World of Charts recently predicted a possible 200% increase for Worldcoin (WLD) after a bullish retest of the Falling Wedge pattern. It is also worth noting that in April, the World Chain was announced to be launched on a blockchain with OP Stack and in collaboration with the web3 platform Alchemy.

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