Option 1 (Concise):
Sam Altman's Worldcoin blockchain project has raised $135 million in a private sale of its WLD token. The funds, secured from venture capital firms a16z and Bain Capital Crypto, will be used to expand the network.
Option 2 (Slightly More Detail):
Worldcoin, the blockchain initiative founded by Sam Altman, recently completed a private token sale, generating $135 million. The sale of its WLD token attracted significant investment from leading venture capital giants a16z and Bain Capital Crypto, with the capital earmarked for the project's network expansion efforts.
Option 3 (Emphasis on Funding Purpose):
To fuel its network expansion, Sam Altman's blockchain project, Worldcoin, has successfully secured $135 million. This capital was raised through a private sale of its WLD token to prominent venture capital firms a16z and Bain Capital Crypto.
WLD is higher by 14% on the news.
The funding comes as the group behind the blockchain announced the project's in-app functionalities as well as the WLD token has become available as of earlier this month to U.S. users.
“To meet increasing demand for Orb-verified World IDs and support the expansion of the World network throughout the U.S. and beyond, World Assets, Ltd. (a subsidiary of the World Foundation) sold $135M of WLD at market prices to two of the project’s earliest backers, Andreessen Horowitz and Bain Capital Crypto. The circulating supply of WLD has thus increased correspondingly,” the team wrote in a blog post.
The WLD token was created at launch in July 2023, and it currently has a market capitalization of $1.87 billion and is up 55% in the last month, according to CoinMarketCap. WLD though is down roughly 75% from its all time high.
Until earlier this month, U.S. users were unable to use World’s primary product, their orbs, a bowling ball-shaped device that scans a person’s eyeballs to confirm their identity. Once they scan, users can access the World app and receive an airdrop of the WLD token, which can then be used in World's miniapps ecosystem.
During the announcement earlier this month, Altman shared that the project hopes to have to give 180 million Americans access to Orbs, more than half the country's population, by the end of the year.
