World Foundation raises $52.5M through WLD token sale to expand World ID

World Foundation has raised $52.5 million through a strategic WLD token sale as it accelerates the rollout of its World ID identity network, with all purchased tokens locked for one year. Summary World Foundation raised $52.5 million through a strategic WLD token sale to expand its World ID identity network, with all purchased tokens locked for one year. The nonprofit said the funding will support enterprise adoption of World ID as more than 39 million users have joined the network and over 18 million have completed Orb verification. The fundraising comes as World continues to expand globally while facing ongoing regulatory scrutiny and fresh attention on WLD ownership concentration following Grayscale’s ETF filing. World Foundation announced on Friday that it completed the first close of a strategic WLD token sale, raising $52.5 million from a group of crypto-focused investors to support the expansion of its proof-of-human infrastructure. The nonprofit said every WLD token sold in the transaction will remain locked for one year. Pantera Capital led the first close of the fundraising, while Bain Capital Crypto, WLD treasury company Eightco Holdings (Nasdaq: ORBS), Selini Capital, S...