The World Foundation raised $52.5 million through a strategic WLD token sale aimed at expanding the global use of World ID technology.
Pantera Capital led the investment round. Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto were also among the investors participating in the token sale. All purchased WLD tokens will be locked for one year.
The World Foundation announced that the funds raised will be used to develop and expand the World ID infrastructure globally for businesses, individual users, and AI agents.
World ID stands out as a digital identity system that allows users to verify that they are a real and unique person without sharing their personal information. The team behind the project expects a growing demand for verification technologies that can distinguish humans from automated systems in an environment where the use of artificial intelligence is rapidly increasing.
WLD has lost 10.69 percent of its value in the last 24 hours following the news, trading at $0.3419.
*This is not investment advice.
