World Foundation | Crypto

The organization sold locked WLD tokens to strategic investors as it seeks to grow its biometric identity network amid rising demand for human verification online. World Foundation has raised an initial $52.5 million through a sale of locked WLD tokens to strategic investors, with Pantera Capital leading the funding round. The round also included Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors, according to a Friday announcement shared with Cointelegraph. The WLD tokens sold in the fundraising are subject to a 12-month lockup. The nonprofit behind the World protocol said that new funds will be used to expand World ID, its system designed to distinguish people from AI agents. World ID generates a digital credential after users complete biometric verification at a World Orb device. Read more

World Foundation sells $65 million in WLD at a steep discount as the token hits record lows, with more supply set to enter the market. Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which has hit new record lows. In a Saturday post on X, the foundation said its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March 20. The transactions were priced at an average of roughly $0.27 per token, suggesting that around 239 million Worldcoin (WLD) changed hands. “This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more,” World Foundation wrote on X.   Read more

World Assets, a subsidiary of World Foundation (formerly Worldcoin), has raised $135 million through a strategic sale of WLD tokens to venture firms Andreessen Horowitz (a16z) and Bain Capital Crypto, both early supporters of the fast-growing digital identity initiative. According to the firm, the tokens were sold at prevailing market prices, which proportionately increased the […] The post World Foundation secures $135M via token sales to expand biometric Orb-verified IDs globally appeared first on CryptoSlate.