World Foundation raises $52.5M in Pantera-led funding to expand World ID infrastructure
CoinTelegraph·
60-second summary
The World Foundation is raising $52.5 million in funding led by Pantera Capital to expand its World ID infrastructure, selling locked WLD tokens to strategic investors. This move aims to grow its biometric identity network as demand for human verification online increases, addressing security concerns and potentially expanding the use of cryptocurrencies in mainstream transactions.
The organization sold locked WLD tokens to strategic investors as it seeks to grow its biometric identity network amid rising demand for human verification online.