World Foundation Raised $52.5 Million to Develop World ID
World Foundation has raised $52.5 million in a new funding round by selling WLD tokens with a 12-month lockup period to strategic investors. The round was led by digital asset investment firm Pantera Capital, with participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto.
The funds will be used for the global expansion of World ID, a digital identity system that verifies users are real people online without revealing personal data. Verification is performed using an Orb device, which creates a unique World ID stored on the user's smartphone. The system utilizes advanced cryptography and zero-knowledge proofs to protect privacy.
This funding coincides with the project's shift to large-scale deployment. According to World Foundation, over 39 million people have joined the World Network, more than 18 million users have verified via Orb, and the network has processed over 475 million World ID verification requests since launch. The company plans to expand integration with corporate clients and developers using its recently introduced World ID 4.0 platform.
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