News on Solana, Shiba Inu and WorldCoin

In this article, we will take a closer look at three crypto assets Solana (SOL), Shiba Inu (SHIB) and WorldCoin (WLD) by analyzing their recent prices, significant news that affected their value, and the future prospects of these attractive digital assets. 

Prices and market statistics of the crypto assets Solana (SOL), Shiba Inu (SHIB) and WorldCoin (WLD)

Starting with the SOL crypto in order, its price is currently around $23.47 and is fresh off a 30-day period in which it has had an increase of nearly 30%.

In terms of market statistics, Solana has a market capitalization of $9.5 billion, with daily trading volume at $427.9 million. The circulating supply is 404.5 million SOL with an average holding time of 120 days. 

Shiba Inu’s last 30 days, albeit in a smaller percentage, have not been bad either; in fact, the crypto has gained a 9.12% of its value. Today’s price is $0.00000832. 

As for market statistics, the market capitalization is $4.9 billion, with a trading volume (24 hours) of $180.6 million.

Circulating supply still remains very large, with 589.3 trillion SHIB in circulation and an average holding time of 222 days. 

Worldcoin has not had a good month, losing 35.48% of its value in July, bringing its price $2.31. Of course, along with the price, market statistics also declined. 

Indeed, the market capitalization has dropped to $266 million, with a trading volume of $105.2 million. The circulating supply is 115 million WLD. 

The CEO of Solana Foundation sees their company as the main leader in the gaming industry

In a recent interview with Decrypt’s Jason Nelson, Johnny Lee, managing director of the Solana Foundation, shed light on how the Solana network is uniquely positioned to address the pressing scalability challenges of the blockchain gaming industry. 

Lee pointed out that Solana stands out as the only network currently prepared to meet the needs of gaming applications, which require a high-speed, low-latency and scalable infrastructure to deliver a seamless user experience.

Gaming on blockchain has gained immense popularity due to its decentralized and transparent nature, which allows players to truly own and trade game assets. 

However, the nascent industry has faced scalability issues, hindering its ability to meet mass adoption. With the increase of blockchain game users, the demand for faster and more efficient networks has increased.

Johnny Lee highlighted Solana’s unique approach to addressing this scalability problem. The Solana network boasts an innovative consensus mechanism known as Proof of History (PoH) combined with a high-performance blockchain architecture. 

This combination allows Solana to process a huge number of transactions per second, achieving speeds that exceed most other blockchain networks. With the ability to handle thousands of transactions at the speed of light, Solana ensures a smooth game and eliminates the frustrating delays often associated with traditional blockchain networks.

In addition, Lee explained that Solana’s commitment to embracing cutting-edge technology allows it to provide developers with the tools and infrastructure required to build sophisticated gaming experiences. 

The network’s robust ecosystem fosters a collaborative environment, encouraging developers to create imaginative and engaging blockchain games without being hampered by scalability constraints.

Johnny Lee’s insights into the Solana network’s readiness for gaming underscore the platform’s potential to revolutionize the gaming space, making it accessible to a wider audience while ensuring an easy and engaging experience for gamers around the world. 

Thanks to the Solana Foundation’s vision and commitment to innovation, the future of blockchain gaming looks bright, and the platform’s ability to scale could prove to be the game changer the industry has been eagerly awaiting.

Germany investigates crypto Worldcoin (WLD)

Germany has launched an investigation into the Worldcoin (WLD) project, raising concerns about privacy and data protection. 

OpenAI CEO Sam Altman has led the investigation since late last year, focusing on the project’s large-scale processing of sensitive biometric data. 

Worldcoin, an initiative recently launched by Tools For Humanity, requires users to undergo an iris scan to receive a free digital ID and cryptocurrency, with the goal of creating an “identity and finance network.” 

The Bavarian State Data Protection Supervisory Office will conduct the investigation, as the project has a branch in Germany and falls under EU data protection rules.

The key point of the investigation concerns the use of new technologies to process sensitive data on a large scale. Michael Will, head of the German data control agency, expressed concern that the implications of these technologies have not been adequately established and analyzed, particularly in the context of the transfer of financial information. 

The main concern is whether users will provide informed consent based on clear and sufficient information.

Worldcoin claims that the data collected from users’ iris scanning is not linked to personal information, but privacy watchdog agencies in France and the United Kingdom have raised concerns about the project’s data collection practices. 

As a result, the controversy over Worldcoin’s data collection has attracted the attention of privacy control agencies in several European countries.

While Worldcoin aims to create an innovative identity and finance network, it must juggle the complexities of data protection laws and earn the trust of regulators and users. 

The investigation in Germany underscores the importance of privacy and data protection in the blockchain and cryptocurrency space, with regulators seeking to ensure that innovative projects like Worldcoin adhere to the highest standards of privacy and user consent. 

The outcome of this investigation could have far-reaching implications for the future of the project and the broader landscape of digital identity and finance networks.