Pantera Capital anchors World's $52.5 million WLD raise
World sold $52.5 million of its WLD token to a group of investors led by Pantera Capital. OpenAI head Sam Altman co-founded the identity verification project.
The World Foundation said Friday that no buyer is allowed to sell for a full year.
Pantera anchors a locked $52.5M WLD raise
Every buyer agreed to hold WLD for 12 months before they could touch it. The check was led by Pantera Capital. The company invests only in digital assets, and the foundation said that was the first close of the sale. It remains to be seen if there are more closes.
Bain Capital Crypto, Selini Capital, Susquehanna Crypto and Eightco Holdings also took part in the round. Eightco is the treasury company trading on Nasdaq under ticker ORBS and already owns a large slice of the WLD supply. The proceeds are transferred to the World Foundation, a guarantee foundation in the Cayman Islands created to oversee the network.
World intends to leverage the new capital to scale World ID, the system it uses to prove a person is human without revealing who they are. The target buyer covers organizations, everyday consumers and AI agents that need proof theyโre run by humans.
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