Altman's World Raises $52.5M in Strategic Token Sale

Sam Altman's startup World has raised $52.5 million in a crypto token sale to strategic investors. The funds will go towards expanding the World Foundation, an exempted limited guarantee foundation based in the Cayman Islands.

The lead buyer was Pantera Capital, a venture capital firm focused on digital assets. Other participants included Eightco Holdings, Bain Capital Crypto, Susquehanna Crypto, and Selini Capital among others.

World's mission is to provide online verification tools, including its World ID, which verifies whether a human or AI agent is behind an account.

To get the highest level of verification, users must have their eyes scanned by an Orb, a metallic ball that converts a user's iris into a distinct cryptographic identifier.