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WLD The World Foundation has initially raised US$52.5 million by selling locked WLD tokens to strategic investors. This round of financing is led by Pantera Capital.
According to an announcement released on Friday, participating investors also include Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors. The WLD tokens sold in this financing have a lock-up period of 12 months.
The nonprofit organization, which is committed to the World Protocol, said the new funds will be used to expand the World ID system. The system is designed to distinguish between human and artificial intelligence agents. Users need to complete biometric verification on a World Orb device before obtaining digital credentials.
The organization pointed out that with the rise of artificial intelligence-generated content and autonomous agents, the market has a growing demand for systems that can verify whether online users are real humans.
World was originally conceived by OpenAI CEOs Sam Altman and Max Novendstern and Tools for Humanity CEO Alex Blania. The project faces regulatory review in multiple jurisdictions over its biometric identification system.
