WORLDCOIN RAISES AN ADDITIONAL $135M
- The World Foundation has raised $135 million from a16z and Bain Capital Crypto through direct purchases of token $WLD at market price, demonstrating strong investor confidence in Worldcoin's mission to build a global network of verified human identity using Orb's iris scanning technology.
- This funding is aimed at expanding Worldcoin's network, which currently has 26 million users and 12.5 million verified through Orb, focusing on privacy-preserving technology to prove humanity in the context of increasing identity challenges posed by AI.
- Unlike traditional funding rounds, the sale of token $WLD in liquid form and at no discount has increased the circulating supply of $WLD, potentially impacting the token economy, a move reflecting a strategic shift towards expanding operations.
- World has announced plans to launch in the United States, with the project being deployed in Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco this year after obtaining US licensing.
