World Foundation secures $135M via token sales to expand biometric Orb-verified IDs globally
The post World Foundation secures $135M via token sales to expand biometric Orb-verified IDs globally appeared on BitcoinEthereumNews.com. 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 circulating supply of WLD. World Assets conducts recurring tranche-based token sales to trading firms as part of its operations. Based on CryptoSlate data, WLD was trading at $1.168 as of press time, up nearly 4% over the past 24 hours. The funding will be used to meet surging demand for Orb-verified World IDs and to expand the World network’s footprint across the US and globally. The transaction follows earlier fundraising rounds backed by investors such as Selini Capital, Mirana Ventures, and Arctic Digital. Scalable solution World’s central premise is that as AI continues to evolve rapidly, establishing proof of personhood will be critical to maintaining trust, governance, and economic participation in digital systems. The company’s core product, World ID, uses biometric verification via its proprietary Orb devices to issue decentralized identity credentials. These IDs allow users to verify their humanity without revealing personal information, a feature the company says will be crucial in mitigating AI-driven fraud, spam, and identity theft. To date, more than 12.5 million people have received an Orb-verified World ID, and the total user base of the World network has exceeded 26 million. The company said the funding will accelerate Orb deployment, bolster infrastructure, and improve accessibility to World IDs, particularly in underrepresented regions where digital verification tools remain scarce. Self-sustaining protocol Unlike traditional ID systems run by states or corporations, World aims to become a self-sustaining, decentralized protocol. The organization has indicated that revenue from protocol-level fees and related services could eventually…
The post World Foundation secures $135M via token sales to expand biometric Orb-verified IDs globally appeared on BitcoinEthereumNews.com.
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 circulating supply of WLD. World Assets conducts recurring tranche-based token sales to trading firms as part of its operations. Based on CryptoSlate data, WLD was trading at $1.168 as of press time, up nearly 4% over the past 24 hours. The funding will be used to meet surging demand for Orb-verified World IDs and to expand the World network’s footprint across the US and globally. The transaction follows earlier fundraising rounds backed by investors such as Selini Capital, Mirana Ventures, and Arctic Digital. Scalable solution World’s central premise is that as AI continues to evolve rapidly, establishing proof of personhood will be critical to maintaining trust, governance, and economic participation in digital systems. The company’s core product, World ID, uses biometric verification via its proprietary Orb devices to issue decentralized identity credentials. These IDs allow users to verify their humanity without revealing personal information, a feature the company says will be crucial in mitigating AI-driven fraud, spam, and identity theft. To date, more than 12.5 million people have received an Orb-verified World ID, and the total user base of the World network has exceeded 26 million. The company said the funding will accelerate Orb deployment, bolster infrastructure, and improve accessibility to World IDs, particularly in underrepresented regions where digital verification tools remain scarce. Self-sustaining protocol Unlike traditional ID systems run by states or corporations, World aims to become a self-sustaining, decentralized protocol. The organization has indicated that revenue from protocol-level fees and related services could eventually…
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