Sam Altman’s Blockchain Project World Network has collected $ 135 million in a private token sale of his WLD token.
The sale had to Venture Capital Giants A16Z and Bain Capital Crypto and will be used to finance network expansion, shared the team.
WLD is higher with 14% on the news.
The funding comes as the group behind the Humanity Blockchain tools announced the project as well as the WLD Tokenet, available from earlier this month for us users.
“To meet increasing demand for orb-verified world IDs and support the expansion of the world network throughout the United States and beyond, World Assets, Ltd. (a subsidiary of the World Foundation), sold $ 135 million at market prices to two of the project’s earliest backers, Andreessen wrote in a blog.
The WLD Tokenet was established at the launch of July 2023, and it currently has a market value of $ 1.87 billion and has increased by 55% in the last month, according to CoinMarketcap. However, WLD has fallen approx. 75% from its constantly high.
Until earlier this month, US users were unable to use the world’s primary product, their bullets, a bowling ball -shaped device scanning a person’s eyeballs to confirm their identity. Once scanned, users can access the World app and receive an air drop of the WLD token, which can then be used in the world’s miniApps ecosystem.
During the announcement earlier this month, Altman shared that the project hopes to give 180 million Americans access to bullets, more than half the population, at the end of the year.
Read more: Sam Altmans World Crypto Project is launched in us with eye-scanning bullets in 6 cities
