World Assets, a branch of World Foundation, just snagged a cool $135 million by selling WLD tokens to big-name venture firms Andreessen Horowitz (a16z) and Bain Capital Crypto, both early believers in the digital ID revolution.
The tokens went out at current market prices, boosting the circulating supply proportionally. World Assets regularly sells WLD tokens in tranches to trading firms as part of its business hustle.
WLD was trading at $1.29 when last checked, up nearly 14% in the past 24 hours, per HodlFM data.
This fresh capital will turbocharge demand for Orb-verified World IDs and help World spread its network wings across the US and beyond. This funding follows earlier rounds backed by players like Selini Capital, Mirana Ventures, and Arctic Digital.
Scaling Trust in the Age of AI
World’s big idea? As AI keeps leveling up, proving you’re a real human will be crucial to keeping trust, governance, and money flowing in digital spaces.
World ID, the star product, uses fancy biometric checks through proprietary Orb devices to hand out decentralized IDs. These let users prove they’re not bots without spilling personal info, a must-have weapon against AI-driven scams, spam, and identity theft.
Over 12.5 million folks already sport Orb-verified World IDs, while the entire World network has hit 26 million users and counting.
The new funding will speed up Orb rollouts, strengthen infrastructure, and make World IDs easier to snag, especially in places where digital verification is still playing catch-up.
A Protocol That Pays Its Own Way
Unlike old-school ID systems run by governments or giant corporations, World wants to be a self-sustaining, decentralized protocol.
They’re betting on making enough revenue from fees and services to keep the lights on and the network growing, ditching the endless capital chase.
Sure, some regulators have raised eyebrows about biometric data collection, but World’s backers insist their transparent, privacy-friendly setup beats centralized systems hands down.
Big-name VCs like a16z and Bain jumping back in show the growing belief that decentralized IDs will be a key piece in the AI-fueled future puzzle.
The World Foundation calls this funding round a smart bet on building human-centric verification for a world that’s getting more automated by the minute.
Alex Shepel
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