The biometric authentication-based human verification platform World Network (formerly Worldcoin) announced on the 21st that it has sold 20 billion yen worth of WLD tokens to major VCs Andreessen Horowitz (a16z) and Bain Capital Crypto. Both companies are early investors in the project, and this fundraising aims to accelerate expansion in the US and globally.
Currently, more than 26 million people use the World Network, and 12.5 million people have obtained a World ID through biometric authentication using the Orb iris scanning device. Co-founded by OpenAI CEO Sam Altman, the project continues to expand against the backdrop of the need for human identification technology to keep up with the rapid advances in AI.
The company began U.S. expansion this year in Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. Users create a World ID with an iris scan and receive WLD tokens as a reward in exchange for "proof of humanity" in the digital space.
World Network is expected to become one of the first protocols aiming for self-sustained operation through protocol fees in the future.
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Mr. Altman's Worldcoin, WLD price rises 10% raising 20 billion yen from a16z and others.
! ## Accelerating U.S. Expansion
The biometric authentication-based human verification platform World Network (formerly Worldcoin) announced on the 21st that it has sold 20 billion yen worth of WLD tokens to major VCs Andreessen Horowitz (a16z) and Bain Capital Crypto. Both companies are early investors in the project, and this fundraising aims to accelerate expansion in the US and globally.
Currently, more than 26 million people use the World Network, and 12.5 million people have obtained a World ID through biometric authentication using the Orb iris scanning device. Co-founded by OpenAI CEO Sam Altman, the project continues to expand against the backdrop of the need for human identification technology to keep up with the rapid advances in AI.
The company began U.S. expansion this year in Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. Users create a World ID with an iris scan and receive WLD tokens as a reward in exchange for "proof of humanity" in the digital space.
World Network is expected to become one of the first protocols aiming for self-sustained operation through protocol fees in the future.