On Monday, Kresus, the Web3 platform specializing in cryptocurrencies and non-fungible tokens (NFTs), unveiled a collaboration with Tools for Humanity, the creators of the Worldcoin initiative and the World ID identification system.
World ID Meets Kresus App
Kresus and Tools for Humanity (TFH) have unveiled a new partnership. In a joint effort, TFHβs World ID will be integrated into the Kresus App, a crypto and NFT application accessible on both Appleβs App Store and Google Play. Furthermore, Kresus Labs will provide guidance to TFH on product strategy and engage in a collaborative effort for technical implementation, as outlined in the official announcement sent to Bitcoin.com News.
The Kresus App provides users with a Web3 .kresus address and an array of identity tools to streamline transfers with ease and security. βThe goal of Kresus has always been to offer a tool for everyone to benefit from the blockchain,β Trevor Traina, the founder and chairman of Kresus Labs explained on Monday. βThis is more than just dabbling in crypto since identity touches on all future use cases of Web3 technologies. Proof of personhood will become an essential component of the Web3 ecosystem.β
Traina added:
As such, this collaboration is an excellent enhancement to the work we have already done in supporting Web3 identity.
Following TFHβs revelation of a redesign for its iris-scanning orb architecture, the partnership with Kresus has come to light. In a conversation with Techcrunch, Alex Blania, CEO and co-founder of TFH, likened the upcoming iteration to an βApple product.β As of January 16, 2024, the Worldcoin system had successfully processed a staggering 3 million unique individuals. In December 2023, the World App soared to the top of the finance charts in Portugal and secured the second spot in Spain. However, worldcoin (WLD), the projectβs native crypto asset, has experienced a 40% decline in value over the past 30 days.
As stated in Mondayβs announcement, further information on utilizing World ID to access the Kresus App will be unveiled βin due course.β Blania said βIt is exciting to see another quality wallet developer team integrating World ID and joining the World App ecosystem. Through this collaboration, our teams expect to learn a lot from each other in terms of product strategy and technical implementation over the coming months,β the TFH CEO and co-founder added.
What do you think about the partnership between Kresus and Worldcoinβs TFH? Share your thoughts and opinions about this subject in the comments section below.
