In short
- The World Foundation, the manager of Sam Altman’s World, raised $52.5 million in a token sale led by Pantera Capital to expand the World ID network “people’s proof”.
- Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto also joined; WLD for sale is closed for 12 months.
- World says 39 million people have joined the internet and 18 million have been personally verified through its iris Orb.
The World Foundation has raised $52.5 million to expand the World ID — the “identity proof” from Sam Altman’s World — betting that verifying a person’s identity will only increase as AI agents flood the Internet, the nonprofit organization said Friday.
The initial sale was led by Pantera Capital and led by Bain Capital Crypto, Nasdaq-listed. Opinions of the company Eightco HoldingsSelini Capital, and Susquehanna Crypto, are all WLD sold closed for 12 months. The investment will help bring a global ID to organizations, consumers, and their AI agents, the Foundation said. Pantera’s senior partner Cosmo Jiang said “the need for Human Evidence is becoming increasingly clear” as the development of AI continues to accelerate.
How the National ID works
The universal ID allows a person to verify their unique identity without revealing themselves, through a single iris scan on a circular device called Orb who create an ID stored on their phone. world, replaced by Worldcoin in 2024, it was founded by the CEO of OpenAI Sam Altman to make the whole world “human testimony” system. The technology is being integrated this year with platforms including Zoom, Docusign, Okta, Vercel, and Tinder, the Foundation said, along with a new release designed for business, Global ID 4.0which allows external developers to create their own information in the system.
The promotion coincides with the third year of the project. More than 39 million people have joined the Internet, 18 million have been verified by Orb, and the World has processed 475 million ID proofs, the Foundation said.
Analysis is a passion
The international trend of iris scanning has caused many countries to back away from the use of biometric data. Hong Kong ordered to stop working in 2024; Kenyan court ordered to delete it biometric data of users; and Brazil he stopped it by paying people for iris scans. Spain moved stop its data collectionand South Korea paid a fine of $830,000 in breach of privacy.
Corporate interest has grown regardless. Eightco, one of Friday’s investors, built it the first of the WLD Treasury companies last year, and Grayscale this week was assigned to the first US ETF bound to the sign.
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