Pantera-Led Fundraising Sees World Foundation Raise $52.5 Million for Digital Identity Platform

World Foundation has successfully raised $52.5 million in a private token sale of its native WLD token, led by Pantera Capital.

The funds will be used to develop World ID, a digital identity platform that verifies users' identities without sharing personal details with anyone.

Eightco Holdings, listed on the Nasdaq stock exchange, was also involved in the fundraising and already owns a significant share of WLD coins.

Cosmo Jiang, general partner at Pantera Capital, noted that proof-of-human technology is becoming increasingly relevant due to AI technology advancements.