World Assets, a subsidiary of the World Foundation (formerly World Coin), has raised $135 million through strategic sales of WLD tokens.
According to the company, tokens were sold at a typical market price, with a proportionate increase in the circulating supply of WLDs. As part of our business, World Assets has repeatedly conducted tranched-based token sales to trading companies.
Based on encrypted data, WLD was trading at $1.168 at press time, but has increased by nearly 4% over the past 24 hours.
The funds will be used to meet the surge in demand for global IDs verified by ORB and to expand the footprint of global networks in the US and around the world. The deal follows previous fundraising rounds backed by investors such as Selini Capital, Mirana Ventures and Arctic Digital.
A scalable solution
The central premise of the world is that as AI continues to evolve rapidly, it is important to establish evidence of personality to maintain trust, governance, and economic participation in digital systems.
The company’s core product, World ID, uses biometric authentication via its proprietary ORB device to issue distributed identity credentials. These IDs allow users to verify humanity without revealing their personal information. This is a feature the company says is extremely important in mitigating AI-driven fraud, spam and identity theft.
To date, over 12.5 million people have received ORB-Verified World IDs, with the global network’s total user base exceeding 26 million.
The company said the funding will accelerate orb rollout, strengthen infrastructure and improve accessibility to global IDs, especially in underrated regions where digital verification tools are lacking.
Independent protocol
Unlike traditional ID systems run by states and businesses, the world aims to become self-supporting, decentralized protocols.
Organizations show that protocol-level fees and revenue from related services can ultimately support network operations and allow them to scale without permanently relying on external capital.
The project faces scrutiny of regulations regarding biometric data collection practices in some jurisdictions, but its supporters argue that the protocol’s approach provides a transparent, privacy alternative to centralized identity systems.
The new support from A16Z and Bain emphasizes the increased confidence among venture capitalists that decentralized identities could play a fundamental role in the upcoming AI-controlled era.
The World Foundation praised the fundraising as a philosophical bet on the need for a human-centered verification system in an increasingly automated world.
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