World Assets, a subsidiary of the World Foundation, has announced the sale of WLD tokens totaling $135 million to early backers of the project, Andreessen Horowitz and Bain Capital Crypto.
The sale is being made at market price, with proceeds going to the expansion of the World Network in the US and globally.
World aims to build the digital identity infrastructure that separates humans from machines in an era of rapidly developing artificial intelligence. According to the official website, this sale supports World’s long-term vision and also aims to contribute to the protocol reaching a self-financing structure.
To date, over 26 million users from over 160 countries around the world have joined the World Network. Over 12.5 million people have become World ID holders by verifying their identity through World’s unique iris scanning device, Orb. The company has increased the supply of WLD tokens to meet the increasing demand for its identity verification service with Orb.
Previously announced investors include Selini Capital, Mirana Ventures and Arctic Digital.
*This is not investment advice.
