The post Worldcoin Raises $135M via WLD Token Sale appeared on BitcoinEthereumNews.com.

The company claimed in a recent press release that the generated investment of $135 million will mainly be used towards biometric identity verification in the US. Apart from the two major investors, 16z and Bain Capital Crypto, some other funders were also mentioned by the platform. Worldcoin has sold WLD tokens to 16z and Bain Capital and generated around $135 million. After selling, the total circulation supply of the token was impacted, and a significant increase was witnessed.  The generated money will be used for carrying on its biometric data collection operations in the US. Not long ago, it started an eye scanning infrastructure in about 6 states of the US and has planned to extend it to many more locations.  This process of fundraising was done with the use of $WLD tokens. Talking about Worldcoin, it is an iris scanning identity verification project launched by Sam Altman, the founder of OpenAI, to distinguish between AI bots and humans.  The company claimed in a recent press release that the generated investment of $135 million will mainly be used towards biometric identity verification in the US, where Worldcoin set foot in May 2025.  The price and the number of WLD tokens were significantly impacted, and less than an hour before the announcement, the market capitalisation of the token swiftly skyrocketed by $135 million.  Other Investors of The Platform  In December 2024, the regulators from Germany decreed against the data collection mechanism of Worldcoin. Adding more to this, Kenya and Indonesia were somewhere at a similar opinion this month.  Another reason pushing WLD tokens’ price was the rumours that surfaced on social media about social media integration with OpenAI, but nothing took place. Apart from the two major investors, 16z and Bain Capital Crypto, some other funders were also mentioned by the…

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Filed under: News - @ May 22, 2025 9:28 am