Worldcoin Skyrockets by 31% as Altman's World Network Secures $135M in New Investments

Worldcoin (WLD), an identity token backed by OpenAI CEO Sam Altman, experienced a 31% surge following a $135 million investment from top VC firms Andreessen Horowitz and Bain Capital Crypto.

The funding will be used to expand World Network’s U.S. operations, which include deploying 7,500 iris-scanning Orbs to verify as many as 180 million Americans by the end of the year. Despite facing scrutiny over privacy concerns and mixed success in operations, the company has launched in six U.S. cities and partnered with Match Group for age verification on Tinder in Japan.

The project's global user base has exceeded 26 million, and it has already issued 12.5 million Orb-verified IDs. Recent reports reveal that more than 37 million WLD tokens were unlocked in early May, yet the expected sell pressure has not significantly affected the short-term price stability.