Worldcoin, founded by Sam Altman, has raised 135 million dollars in funding through the private sale of WLD tokens. According to a press release, the company confirmed the sale of WLD tokens to two of the early investors in the digital identity project: Andreessen Horowitz and Bain Capital Crypto.
According to the statement, the sale to Andreessen Horowitz and Bain Capital Crypto will be used to expand the World network. Worldcoin sold the tokens at market price, raising 135 million dollars and increasing the circulating supply of WLD to 1.51 billion.
The funds will be used to meet the growing demand for globally verified identifications by Orb worldwide. A portion of the funds will be allocated to expansion in the U.S. following its debut in the country, while another portion will bring the network closer to its goal of becoming a self-sustaining protocol.
“This funding opportunity serves the long-term mission of World and is backed by the builders who believed in World from the beginning,” the statement reads.
