Worldcoin, the AI project of iris scanning by Sam Altman, has announced a partnership with Alchemy for its own blockchain.
Summary
Artificial intelligence in the crypto world
Currently within the crypto sector, artificial intelligence is not yet widely used.
There are several crypto projects related to AI, but often these are mainly connections due to marketing and narrative, rather than true structural connections at a technical level with intelligenza artificiale.
And so even a project that has only little to do with AI, like Worldcoin, in the crypto market is commonly associated with artificial intelligence.
In traditional markets, the reference stock for AI is Nvidia. During this 2024, the price of the NVDA stock has recorded three major increases, one until February, another until March, and then, after a period of descending lateralization lasting more than two months, a third powerful rise concluded last week with the new all-time high.
The token WLD (Worldcoin)
The trend of the price of WLD, the Worldcoin token, followed a similar pattern only until March, with two major rises: one ending in late February, and another ending just before mid-March, exactly like the NVDA stock.
However, the next phase for WLD was not a descending lateralization, but a true retracement, with the price dropping from $11.7 to $4.4 within a month.
On the other hand, at the beginning of the year, a real mini.bubble had inflated on the price of WLD, which went from $2.4 to $11.7 in a few months, so a retracement was entirely expected.
The problem is that when the last powerful rally of Nvidia’s stock price started, Worldcoin’s token went back down. In fact, in the last month, it has dropped from $4.6 to the current $2.7.
It practically seems to be returning to the starting point, that is, before the mini-bubble of 2024 began to inflate due to an incorrect association of the WLD token with the artificial intelligence trend in the markets.
AI: The new course of Worldcoin and the integration with Alchemy on its own blockchain
After the burst of this mini-bubble, and several problems encountered in different parts of the world with the authorities, Worldcoin seems to have decided on a change of course.
It is not a 180° reversal, but an evolution.
In fact, they have decided to start working on their own blockchain, instead of continuing to move forward on Ethereum.
Technically their World Chain has been active, on an experimental basis, since April, but only recently was the partnership with Alchemy announced.
The objective is to build the infrastructure for its blockchain (World Chain), which will be the new home for its World ID and the World App.
AI: Alchemy lands on Worldcoin’s blockchain
World Chain is a new blockchain that has been designed specifically for human-centered applications.
Obviously, it will integrate perfectly with the Worldcoin protocol, and it will work thanks to Optimism, and therefore to the wider Ethereum ecosystem, as part of the Superchain.
The collaboration with Optimism had already been announced last year, so this evolution is nothing more than the continuation of the original roadmap of the Worldcoin project.
Optimism is one of the four most important layer-2 of Ethereum, therefore the new blockchain of Worldcoin will also continue to be part of the Ethereum ecosystem.
The goal of developing a Superchain by Worldcoin is to make it possible for developers to create applications that improve everyday life.
For now, there is still nothing concrete, but the roadmap is still only at the beginning.
The infrastructure of Alchemy
Alchemy offers developers a complete development platform for their rollup.
They claim to have an ultra-reliable and scalable infrastructure, a comprehensive developer platform, distribution to the largest developer base in web3, global support with qualified engineers 24/7, and they state to be the only provider of Rollups-as-a-Service capable of supporting customer needs for a reliable infrastack and a developer-driven growth engine in a single rollup platform.
In the context of the partnership with Worldcoin, Alchemy will integrate its complete platform into World Chain, including the main node APIs, account abstraction for smart wallet, data indexing, and more. Thus, all Alchemy developers will have immediate access to World Chain through a few clicks on the dashboard.
Additionally, they support the implementation of World ID by committing to promote it as a fundamental element of the web3 infrastructure.
