World Foundation has raised $52.5 million through a new funding round by selling locked WLD tokens to strategic investors. Pantera Capital, a digital asset investment firm, led the round. Other participants included Bain Capital Crypto, the crypto investment division of Bain Capital, Eightco Holdings, a publicly listed investment company, Selini Capital, and Susquehanna Crypto. All purchased tokens will remain locked for 12 months.
The new funding will support the global expansion of World ID, a digital identity system designed to verify that an online user is a real person without revealing personal information. Verification is completed through the Orb device, which creates a unique World ID stored on the user’s smartphone. The system relies on advanced cryptography and zero-knowledge proof technology to protect privacy.
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