World Foundation, the organization behind Worldcoin (WLD), has secured a funding of $135 million through a token sale to fuel its expansion in the United States. The move has triggered a 13% surge in its native token WLD’s price.
The primary use of the latest capital injection is “to meet increasing demand for Orb-verified World IDs and support the expansion of the World network throughout the U.S. and beyond,” the firm said. While Worldcoin intensifies the U.S. rollout, it has operations already live in major cities like Los Angeles, Miami, and New York.
As per the official release, the token sale was led by its early backers Andreessen Horowitz (a16z) and Bain Capital Crypto, who have purchased WLD tokens at market prices. The funding marks a significant step in scaling Worldcoin’s “real human network” through its controversial yet innovative iris-scanning identity verification system.
“To date, more than 26M users participate in the World network and more than 12.5M people have an Orb-verified World ID,” Worldcoin team stated in the release, highlighting its traction and reach to millions of people worldwide.
The project, co-founded by OpenAI’s Sam Altman, aims to create a global digital identity network by issuing unique World IDs via biometric “Orb” devices. To support this growth, Worldcoin is building a manufacturing facility in Richardson, Texas, to mass-produce these Orbs, signaling a long-term commitment to the U.S. market.
WLD Price Spikes 13% in Minutes
Following the announcement, WLD price jumped over 13% in minutes, while later falling down to $1.16, where it is currently trading. In the past 30 days, WLD has been through a roller-coaster ride, with posting a gain of 50% throughout massive volatility.
This latest token sale, which is a direct purchase of tokens at market price, has drastically increased WLD’s circulating supply, now standing at approximately 1.51 billion tokens—15% of the total supply.
This move follows a planned 19% supply expansion announced in 2024, with up to 1.5 million WLD tokens sold weekly to select trading firms outside the U.S. over six months.
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