Off-Court "Financing" of $65 Million: Is World Brewing a Big Move in the Deep Bear Market?
World Foundation announced the completion of a $65 million WLD token OTC sale at an average price of $0.2719. The transaction involved four counterparties, with $25 million worth of tokens subject to a 6-month lock-up. Proceeds will support core operations, R&D, Orb hardware manufacturing, and ecosystem growth.
WLD’s price has declined over 97% from its all-time high of $11.8 in March 2024, currently trading around $0.27. The token has faced pressure from market conditions, regulatory scrutiny, and ongoing token unlocks—approximately $14.79 million worth of WLD is unlocked daily.
Amid the downturn, World published a research paper highlighting its privacy-preserving human identity system, combining iris-scanning Orb hardware with SMPC and ZKP to create a "Proof of Human" infrastructure. The project also introduced AgentKit, which uses World ID to verify human agents in AI applications.
On April 17, World will host the "Lift Off" global launch event in San Francisco, featuring Sam Altman and CEO Alex Blania, focusing on World ID advancements and AI-era use cases.
marsbit03/30 03:18
