Worldcoin raised $ 135 million on A16Z and Capital Crypto Bain by means of a direct purchase of WLD tokens. This led to a corresponding leap in the power supply in total WLD circulation.
The company will use these funds to continue its operations to collect biometric data in the United States. He recently opened physical infrastructure to sweep his eyes in six American cities and plans to extend to many other places.
Worldcoin fund collection with WLD tokens
Worldcoin, the Iris-Scanning identity project of Sam Altman, announced this WLD sale on social networks.
In a press release that supports it, the company said that the $ 135 million in investment would mainly be the verification of biometric identity in the United States, while Worldcoin has expanded these operations in May.
“The World Foundation raised $ 135 million from A16Z and Capital Crypto funding.
Since this WorldCoin investment agreement has considerably increased the number of WLD tokens, it is in fact somewhat visible in publicly available price data.
Less than an hour before the public announcement, WLD market capitalization quickly increased by $ 135 million. If this is not linked to the investment agreement, it is an extremely remarkable coincidence.
In any case, this major WLD investment could be a very necessary victory for Worldcoin. Last December, German regulators ruled against the company’s data collection, and Kenya and Indonesia reached similar conclusions this month.
WLD recently increased rumors on the integration of OPENAI social media, but nothing has ever materialized.
In addition to A16Z and Bain Capital Crypto, which have both been substantial cryptography investors in recent months, Worldcoin has also mentioned some other donors.
The capital of Selini, Mirana Ventures and Arctic Digital participated in a round of traditional funding for Worldcoin, which apparently did not imply WLD tokens.
Thanks to this major investment, Worldcoin can continue to accelerate its American operations while increasing the circulation and prominence of the WLD.
The company has made no other specific commitment concerning $ 135 million, but discussed the growth of its user network, its physical infrastructure and the possibilities of AI technology more widely.
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