The World project has raised $135 million to expand its digital ID network in the U.S. This milestone comes with a 14% rise in WLD token prices.
Expansion of Digital Identification in the U.S.
Led by Sam Altman, the World project plans to deploy Orb digital IDs to over 180 million Americans by year-end. The initiative aims to enhance accessibility to digital identification.
Funding and Growth of WLD Tokens
$135 million was secured from Andreessen Horowitz and Bain Capital Crypto to support the World ID initiative. This funding increase led to a 14% rise in the circulation and value of WLD tokens.
Regulatory Challenges and Future of the Project
Despite the positive increase, the World project faces regulatory challenges, particularly in Brazil where operations remain suspended. New regulatory frameworks are anticipated to address data privacy issues.
The expansion of digital identification by the World project marks a significant step toward improving service access, but regulatory challenges may impact the future of the initiative.
