World Foundation completes $52.5 million WLD token strategic financing, led by Pantera Capital

Odaily reported that the World Foundation, the non-profit organization behind the World protocol, has announced the completion of a $52.5 million strategic financing of WLD tokens, led by Pantera Capital, with participation from Bain Capital Crypto, WLD treasury company Eightco Holdings, Selini Capital, Susquehanna Crypto, and other institutions.

The World Foundation stated that all WLD tokens sold in this round are locked up for one year and are used solely for the development of the World Network ecosystem, and do not represent any equity interest in Tools for Humanity. The funds will be used to promote World ID technology to enterprises, individual users, and AI agents.

World ID uses Orb biometric verification to prove that a user is a real human without revealing their identity. Currently, World Network has over 39 million registered users, of which more than 18 million have completed Orb verification. It has been integrated with platforms such as Zoom, DocuSign, Okta, Vercel, and Tinder. Following this financing round, the total cumulative financing for the World project has reached approximately $492.5 million.