According to ChainCatcher, citing The Block, the World Foundation, the entity behind the World project, raised $52.5 million through a strategic sale of WLD tokens, with all tokens locked up for one year. The initial tranche of this offering was led by Pantera Capital, with participation from Bain Capital Crypto, Eightco Holdings (Nasdaq: ORBS), Selini Capital, and Susquehanna Crypto. The foundation stated that the sold WLD tokens are intended solely for internal use within the World Network and do not represent equity or profit rights in Tools for Humanity. The funds will be used to expand World ID technology for enterprises, individuals, and AI agents; World ID is already integrated into platforms such as Zoom, DocuSign, Okta, Vercel, and Tinder, with over 39 million users joined to the network, more than 18 million of whom have completed Orb-based human verification. WLD is currently trading at approximately $0.37, with a total market capitalization of around $1.31 billion.
World Foundation Raises $52.5M via WLD Token Sale to Expand World ID
ChaincatcherShare
Summary
Real-world assets (RWA) news emerged as the World Foundation raised $52.5 million through a WLD token sale, with all tokens locked for one year. Pantera Capital led the round, joined by Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto. The funds will scale World ID, now integrated with Zoom, DocuSign, Okta, Vercel, and Tinder. Over 39 million users have joined, with 18 million completing Orb verification. New token listings are anticipated as the project expands.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.