Overview
Worldcoin’s WLD tokens have experienced a notable increase of 25%, extending their weekly gains to nearly 50%. This surge is attributed to growing user adoption and the establishment of a new engineering partnership.
Key Insights
- Over the past week, Worldcoin has welcomed more than 530,000 new verified users, marking the most considerable influx in several weeks, which brings the total to over 33.5 million users.
- The University of Engineering and Technology in Peru has joined Worldcoin’s anonymized multi-party computation (AMPC) framework, adding to its decentralization efforts.
- Eightco Holdings has announced a $250 million private placement, positioning WLD as its primary reserve asset, with support from major players like BitMine and others.
Details of the AMPC Framework
AMPC allows for secure and anonymous user verification without storing sensitive data in plaintext. Instead, it processes information locally, fragmenting and encrypting it, thus enhancing privacy. Each node involved in this system is capable of managing up to 50 million uniqueness checks per second.
Institutional Support
Eightco Holdings aims to acquire WLD at $1.46 per share as part of its treasury strategy, with various reputable firms participating in the funding round.
Conclusion
Worldcoin’s advancements in user verification and institutional support are reflected in its recent performance, with record wallet activity and a significant rise in transaction volumes.
