WLD Price Jumps After Worldcoin Secures $135 Million for Network Growth
The post WLD Price Jumps After Worldcoin Secures $135 Million for Network Growth appeared on BitcoinEthereumNews.com. WLD spiked 36% after a $135M token sale backed by major investors like a16z and Bain. Over 12 million retina scans logged; 7,000 more Orbs to roll out despite legal scrutiny. Worldcoin‘s native token WLD gained 36% on Thursday after World Foundation revealed a $135 million fundraising effort in an effort to expand its digital identity system. The financing came about as a result of selling 117 million WLD tokens to early investors, such as Andreessen Horowitz and Bain Capital Crypto. World Foundation raised $135M from @a16z and @BainCapCrypto to accelerate scaling the real human network. Funding was through a recent direct purchase of liquid, market-priced $WLD. — World (@worldcoin) May 21, 2025 The monetary boost will be utilized in expanding World IDs, a system through which the identity of a person will be confirmed through the application of biometric information. The firm states it is building foundations in order to accommodate soaring demand for its Orb-verified identity offering in particular as it moves to expand aggressively in the United States. At the center of this expansion initiative lies World Assets, a subsidiary overseeing the distribution and sale of tokens. As explained by the Foundation, the raised funds are in line with their goal of developing one of the initial self-reliant protocols and laying the foundations for a future dominated by sophisticated artificial intelligence. Biometric Identity Growth Fuels WLD Rally The World network has attracted over 26 million users so far, 12.5 million of whom established a World ID by having their iris scanned through the Orb, a core component of the platform’s confirmation of identity process. The speedy growth indicates increased interest in biometric identity systems, even if it has raised eyebrows from commentators and regulators. Worldcoin’s application of iris and facial recognition has seen the organization face legal…
The post WLD Price Jumps After Worldcoin Secures $135 Million for Network Growth appeared on BitcoinEthereumNews.com.
WLD spiked 36% after a $135M token sale backed by major investors like a16z and Bain. Over 12 million retina scans logged; 7,000 more Orbs to roll out despite legal scrutiny. Worldcoin‘s native token WLD gained 36% on Thursday after World Foundation revealed a $135 million fundraising effort in an effort to expand its digital identity system. The financing came about as a result of selling 117 million WLD tokens to early investors, such as Andreessen Horowitz and Bain Capital Crypto. World Foundation raised $135M from @a16z and @BainCapCrypto to accelerate scaling the real human network. Funding was through a recent direct purchase of liquid, market-priced $WLD. — World (@worldcoin) May 21, 2025 The monetary boost will be utilized in expanding World IDs, a system through which the identity of a person will be confirmed through the application of biometric information. The firm states it is building foundations in order to accommodate soaring demand for its Orb-verified identity offering in particular as it moves to expand aggressively in the United States. At the center of this expansion initiative lies World Assets, a subsidiary overseeing the distribution and sale of tokens. As explained by the Foundation, the raised funds are in line with their goal of developing one of the initial self-reliant protocols and laying the foundations for a future dominated by sophisticated artificial intelligence. Biometric Identity Growth Fuels WLD Rally The World network has attracted over 26 million users so far, 12.5 million of whom established a World ID by having their iris scanned through the Orb, a core component of the platform’s confirmation of identity process. The speedy growth indicates increased interest in biometric identity systems, even if it has raised eyebrows from commentators and regulators. Worldcoin’s application of iris and facial recognition has seen the organization face legal…
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