The World Foundation raised $52.5 million by selling 217.4 million WLD tokens to strategic investors at a roughly 30-40% discount to market price, triggering a 9% drop in the token price. The tokens sold are locked for one year and were not sold on exchanges. This funding round, alongside a recent 43% cut in daily token emissions, aims to reduce selling pressure and support the token's value. However, selling pressure remains elevated, with exchange supply tripling since June, posing ongoing risks to price recovery.
The World Foundation secured $52.5 million in a token sale led by Pantera Capital to scale its World ID biometric verification system, which distinguishes humans from AI and bots. With over 39 million users and 18 million verified via the Orb device,...
Worldcoin's price dropped about 10% following the World Foundation's sale of 217 million WLD tokens, raising $52.5 million with a 12-month lockup on these tokens. The funds will be used to expand World ID into enterprise platforms, consumer apps, and...
World Foundation has completed a $52.5 million financing round for its native WLD token, led by Pantera Capital. This funding event highlights strong institutional backing for the WLD token, potentially boosting its market visibility and credibility....
President Donald Trump finalized a US crypto clarity bill aimed at defining regulatory boundaries for digital assets, coinciding with continued strong inflows into Bitcoin and Ethereum spot ETFs, reflecting sustained institutional interest. The bill ...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading around $66,333, up 3.17%, and Ethereum at $1,940.95, up 3.87%. Other coins like Cardano (ADA) and Uniswap (UNI) show significant gains of 7.24% and 6.96%, respectively. Stablecoins re...
