World Assets, a subsidiary of the World Foundation, successfully conducted a WLD token sale, raising $135 million to fund global expansion and implement its goals.
Funding and Investors
World Assets, which manages the Worldcoin project, raised $135 million through the sale of WLD tokens at market prices. Major investors included Andreessen Horowitz and Bain Capital Crypto, along with Selini Capital and Arctic Digital. In previous rounds, the project received backing from Coinbase Ventures and other top-tier funds.
Worldcoin Goals and Project Development
Worldcoin continues to aim for the creation of a digital biometric ID, despite issues with implementation restrictions in some countries. The funding is directed towards collecting biometric data and issuing World ID. The project will focus its efforts on the US market, continuing with the issuance of Orb-verified IDs.
Market and Prospects for the WLD Token
Following the funding announcement, the WLD token price has risen to $1.22, although it remains significantly below its peak above $11 in 2021. At current price levels, the token is seen as potentially breaking out above $3 if the bullish market continues into 2025. World Network has a market capitalization of $1.8 billion, though based on funding rounds, its valuation is $3 billion.
The funding by World Assets reaffirms investor interest in the Worldcoin project, which seeks to create innovative identity verification solutions despite existing challenges. However, the project continues to divide opinions in the crypto community, being seen as either a revolution in identity or a mere gimmick to boost token prices.
