Sam Altman’s Worldcoin Raises $135 Million—WLD Token Jumps 15%

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Sam Altman’s Worldcoin Raises $135 Million—WLD Token Jumps 15% - NewsBTC

Quick Summary:

Worldcoin’s parent entity, the nonprofit World Foundation, has injected fresh momentum into its biometric-identity project after selling $135 million worth of liquid WLD tokens at spot price to two of its earliest backers, Andreessen Horowitz (a16z) and Bain Capital Crypto.

"To date, more than 26 million users participate in the World network and more than 12.5 million people have an Orb-verified World ID,” the foundation said in its press release, adding that the capital will help the network become "one of the first self-sustaining protocols.” Related Reading: Worldcoin (WLD) About To Breakout?

Related Reading: Worldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend With venture capital titans effectively doubling down at market price—and doing so after a near-90% drawdown—the trade is being interpreted as a high-conviction signal that the biometric-identity narrative may be poised for a second act.