Worldcoin’s WLD Token Surges After $135M Funding Injection—Because Nothing Says ’Decentralization’ Like a Nine-Figure War Chest
Worldcoin Foundation just secured a staggering $135 million to scale its controversial eyeball-scanning network—and traders are piling into WLD like it’s 2021 all over again.
The biometric crypto project’s token ripped higher on the news, proving once again that in crypto, big checks beat big ideas every time. Remember when ’building’ was more important than fundraising? Neither do we.
With fresh capital to expand its Orwellian vision of digital identity, Worldcoin’s now positioned to either revolutionize Web3 authentication...or become the most well-funded dystopian startup since Palantir. Place your bets.
World Foundation plans to expand its network with $135 million token sale
World Assets, a subsidiary of the World Foundation, announced that it sold 117 million WLD at market price to early investors. It sold the tokens to venture capital firms, including Andreessen Horowitz (a16z) and Bain Capital Crypto, aiming to strengthen and expand the World Network in the United States and internationally.
Proceeds from the sale will support the development of infrastructure for World IDs — a digital identity solution designed to confirm a person’s humanity on-chain.
The firm claims it has over 26 million users on the World network, and 12.5 million have created a World ID using the Orb, the firm’s biometric device for scanning the iris.
"To meet the increasing demand for Orb-verified World IDs and support the expansion of the World network throughout the US and beyond, World Assets, Ltd. [...] sold $135M of WLD at market prices to two of the project’s earliest backers, Andreessen Horowitz and Bain Capital Crypto," the World Foundation said in a blog post.
The Foundation stated that the sale is part of a long-term plan to "help prepare humanity for the AGI era" and make World network one of the first "self-sustaining" protocols.
The World Foundation previously said it WOULD continue selling its tokens to companies to raise funds.
Worldcoin garnered massive attention in 2024 for its biometric technology. However, it also attracted several legal scrutinies and bans in multiple countries over concerns about its data practices.
The project’s use of iris scans and facial recognition to verify users in exchange for token rewards has sparked widespread criticism, with regulators citing serious privacy and data protection risks.
WLD is up 7% following the announcement, stretching its rally to about 50% in the past month.
If the Worldcoin Foundation continues with the trend of unlocking and selling tokens to investors, the rising supply could weigh on WLD’s price in the short term.
