Quick take:
- World claims that more than 26 million people participate in the World Network and more than 12.5 million people have an Orb-verified World ID.
- The company plans to use the capital to meet the increasing demand for Orb-verified World IDs and support its expansion in the U.S. and beyond.
- World Network believes its technology will become even more necessary to help distinguish humans from machines in the age of AGI.
World Network has raised $135 million in a token sale to Andreessen Horowitz and Bain Capital Crypto at the [prevailing market price. The decentralised ID protocol plans to use the fresh capital to “meet the increasing demand for Orb-verified World IDs and support its expansion in the U.S. and beyond.”
The company claims that already more than 26 million people in over 160 countries participate in the World Network and more than 12.5 million people have an Orb-verified World ID. Its latest push into the U.S. market comes following the regulatory shift in the country spearheaded by Trump and his “crypto-centric” team.
World Network, which also boasts backing from the likes of Selini Capital, Mirana Ventures, and Arctic Digital from previous funding rounds, believes its tools will become even more necessary to help distinguish humans from machines in the age of AGI.
“This funding opportunity is in service to the long-term mission of World and is backed by the builders who believed in World from the beginning. It is anticipated that World Network will become one of the first self-sustaining protocols,” the company said in a blog post on its website.
The token sale increases the WLD token’s circulating supply. The WLD token price momentarily spiked to $1.25, before pulling back to $1.15 according to CoinMarketCap data, after the announcement.
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