- World Project secures $65 million through OTC token sales.
- Funds will be allocated to operational activities and R&D.
- The project emphasizes expanding its digital ecosystem.
- World Network underwent a rebranding and launched the World Chain L2 network on Ethereum in 2024.
- Despite growth, World faces criticism over its biometric identification methods.
World Project Secures $65 Million Through WLD Token Sales Amid Ecosystem Expansion
In an impressive financial maneuver, the World Foundation has announced the successful completion of a series of over-the-counter (OTC) sales of its WLD tokens, amassing a total of $65 million. This strategic move underscores the project’s commitment to scaling operations and expanding its ecosystem.
The Mechanics of the Token Sale
The World Foundation conducted these sales with four counterparties over a concise period, with transactions settling as early as March 20, 2026. The average sale price was approximately $0.2719 per token. A portion of these funds—$25 million—is subject to a six-month lock-up period, while other transactions will be finalized through the project’s multi-signature wallet system.
Strategic Allocation of Funds
Proceeds from this substantial funding round are earmarked for critical areas such as operational activities and research and development (R&D). Notably, part of the budget will go towards producing Orb devices intended for biometric identification—a key component in enhancing their digital identity solutions.
A Look Back: Rebranding and Technological Advancements
In 2024, the World Network underwent significant changes by rebranding from its previous identity, Worldcoin. This transition included launching their own Layer 2 network on Ethereum known as World Chain. These developments have been instrumental in positioning the project at the forefront of blockchain innovation.
Market Reactions and Future Prospects
Early in 2026, interest in World skyrocketed due to potential partnerships with OpenAI involving social networks with biometric verification features. Although this caused a temporary spike in WLD’s value to $0.65, it has since stabilized around $0.2728 according to TradingView data.
Despite facing some criticism regarding its approach to digital identification—particularly concerning iris scanning technology—the project continues to position itself as a tool for financial inclusion. It aims to broaden access to the digital economy significantly.
Through these concerted efforts and strategic investments, World is poised not only for substantial growth but also for playing a pivotal role in shaping future financial ecosystems within the crypto space.
