Crypto
World Foundation Raises $52.5 Million Through Strategic Sale of WLD Tokens
The World Foundation has raised $52.5 million through the sale of WLD tokens in an effort to accelerate adoption of the World ID. The funding round, led by Pantera Capital, saw participation from several notable investors including Bain Capital Crypto and Eightco Holdings (Nasdaq: ORBS). According to reports from ChainCatcher, all WLD tokens sold were locked for one year.
The strategic sale is a significant milestone for the World project, which aims to provide a decentralized identity solution. The foundation's efforts have been endorsed by prominent figures in the industry, with some predicting widespread adoption of digital identities.