Worldcoin, the innovative blockchain project focused on privacy-preserving digital identity, has announced a groundbreaking partnership with Alchemy, a leading blockchain infrastructure provider. This collaboration aims to power Worldcoin's ambitious World Chain project, leveraging Alchemy's robust infrastructure and developer tools to accelerate the chain's development and potential impact on the digital identity landscape.

Through this partnership, Worldcoin will gain access to Alchemy's proven infrastructure, including rollup hosting services and a comprehensive suite of developer tools. Alchemy will integrate its core node APIs, account abstraction for smart wallets, data indexing, and APIs into World Chain, enabling seamless onboarding and development for Alchemy developers.

Alchemy's support for World ID's implementation as a fundamental piece of web3 infrastructure is a key focus of the partnership. The emphasis will be on privacy-preserving human verification to ensure that World ID can serve as a seamless proof-of-personhood for onchain users. Alchemy also plans to collaborate closely with Optimism and the broader Ethereum ecosystem as part of the Superchain initiative, further enhancing the interoperability and functionality of World Chain.

In addition to the Alchemy partnership, Worldcoin is also embarking on its European expansion, launching World ID orb verifications across six locations in two European cities. This marks Worldcoin's first entry into Europe, following successful rollouts in several Latin American countries. The European expansion will test Worldcoin's privacy-focused approach in a stringent regulatory environment, drawing attention from the tech industry.

Despite the positive developments, the open interest in Worldcoin has shown a slight decline of 0.85% in the past 24 hours, with a current valuation of $107.9 million. The price of Worldcoin (WLD) stands at $2.83 today, with a 24-hour trading volume of $193.8 million, representing a 3.09% price decline in the last 24 hours but a 2.71% price increase over the past 7 days.

The partnership with Alchemy and Worldcoin's European expansion showcase the project's ambition to revolutionize digital identity and blockchain technology. As Worldcoin continues to grow and innovate, the crypto community will closely follow its progress and the potential impact of its privacy-preserving approach on the broader web3 ecosystem.