After a 97% Plunge, World Raises $65 Million OTC in Deep Bear Market, Brewing a 'Big Move'?
World Foundation announced on March 28 that it completed a $65 million OTC sale of WLD tokens at an average price of $0.2719. The transaction involved four counterparties, with $25 million of the tokens subject to a 6-month lock-up. Proceeds will support core operations, R&D, Orb hardware production, and ecosystem growth.
WLD’s price has fallen over 97% from its all-time high of around $11.8 in March 2024, currently trading near $0.27. The decline reflects broader market conditions, regulatory scrutiny on biometric data, and ongoing token unlocks. Approximately 532 million WLD tokens (worth ~$1.48 million) are unlocked daily, creating consistent selling pressure.
Amid the bear market, World published a research paper highlighting its privacy-preserving human identity verification system, combining iris-scanning Orb hardware with SMPC and ZKP technologies. The project aims to establish a Proof-of-Human (PoH) infrastructure critical for distinguishing humans from AI in the digital age.
On April 17, World will host the "Lift Off" global event in San Francisco featuring Sam Altman and CEO Alex Blania, expected to showcase World ID advancements and potential OpenAI integration.
marsbit03/31 06:52
