Crypto
World Foundation Secures $52.5 Million in WLD Token Sale with One-Year Lockup
The World Foundation has raised $52.5 million in funding through a strategic sale of its WLD token, with all purchased tokens subject to a one-year lockup.
The 'first close' of the token sale was led by Pantera Capital and included investors such as Bain Capital Crypto, Eightco Holdings (Nasdaq: ORBS), Selini Capital, Susquehanna Crypto, and others, according to World Foundation.
The new funding will be used to expand World ID technology for organizations, consumers, and AI agents globally. The WLD tokens sold in the transaction 'are intended for use within World Network and do not represent investment interest or rights to profits or returns.'