WorldCoin raised $135 million from A16Z and Bain Capital Crypto through direct purchases of WLD tokens. This caused a jump that corresponded to the total circulation supply of WLD.
The company will use these funds to continue its biometric data collection business in the United States. Recently, they have launched a physical infrastructure that will catch their eye in six U.S. cities, and are planning to expand to more locations.
We are looking for WldCoin’s Wld Tokens
Worldcoin, the Iris-Scanning Identity Verification Project of Openai founder Sam Altman, has announced the WLD sale on social media.
In a press release around the same time, the company claimed that the $135 million investment would be sent primarily to US biometric verification.
“The World Foundation raised $135 million from A16Z and Bain Capital Crypto. The funds were made through recent direct purchases of liquid, market-price WLD. The funds came from two of the world’s earliest supporters and long-term holders, A16Z and Bain Capital Crypto. This was not a venture round.
This World Coin investment transaction has significantly increased the number of WLD tokens, so it actually appears somewhat in public price data.
Within an hour of its release, WLD’s market capitalization quickly surged to $135 million. If this is unrelated to investment trading, it is a very surprising coincidence.
In any case, this major WLD investment could be a much-needed victory for WorldCoin. Last December, German regulators opposed the company’s data collection, with both Kenya and Indonesia reaching similar conclusions this month.
WLD recently spiked rumors about Openai social media integration, but nothing happened.
In addition to the A16Z and Bain Capital Crypto, both have been quite crypto investors over the past few months, but WorldCoin also mentioned several other funders.
Selini Capital, Mirana Ventures and Arctic Digital participated in WorldCoin’s traditional funding round that does not include Wld Tokens.
Thanks to this major investment, WorldCoin can continue to increase its US business, boosting WLD cycles and inconspicuousness.
The company had no other specific commitments regarding $135 million, but it discussed more broadly the growth of user networks, physical infrastructure, and the possibilities of AI technologies.
Disclaimer
In compliance with Trust Project guidelines, Beincrypto is committed to reporting without bias and transparent. This news article is intended to provide accurate and timely information. However, we recommend that readers independently verify the facts and consult with experts before making decisions based on this content. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
