Altman-Backed World Raises $52.5m in Token Sale for Digital Identity Expansion
World, a digital identity and online verification project co-founded by OpenAI Chief Executive Sam Altman, has secured $52.5 million in fresh capital through a private sale of its WLD cryptocurrency token.
The fundraising was led by Pantera Capital, one of the world's largest venture capital firms focused on blockchain and digital assets.
World aims to expand its platform, which uses biometric authentication technology centered on iris recognition, to distinguish humans from AI-generated accounts in an increasingly automated internet.