{"id":850264,"date":"2025-05-22T09:11:36","date_gmt":"2025-05-22T14:11:36","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/22\/sam-altmans-world-raises-135m-in-token-sale-to-a16z-and-bain-capital-crypto\/"},"modified":"2025-05-22T09:11:36","modified_gmt":"2025-05-22T14:11:36","slug":"sam-altmans-world-raises-135m-in-token-sale-to-a16z-and-bain-capital-crypto","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/22\/sam-altmans-world-raises-135m-in-token-sale-to-a16z-and-bain-capital-crypto\/","title":{"rendered":"Sam Altman\u2019s World Raises $135M in Token Sale to a16z and Bain Capital Crypto"},"content":{"rendered":"
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Sam Altman\u2019s World Raises $135M in Token Sale to a16z and Bain Capital Crypto<\/h2>\n

Funds from the venture capital giants will be used for the network’s expansion.<\/h2>\n

Updated May 21, 2025, 5:14\u202fp.m. <\/span>Published May 21, 2025, 4:39\u202fp.m. <\/span><\/p>\n<\/div>\n

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Sam Altman\u2019s blockchain project World Network has raised $135 million in a private token sale of its WLD token. <\/p>\n

The sale was to venture capital giants a16z and Bain Capital Crypto and will be used to fund network expansion, the team shared.<\/p>\n

WLD is higher by 14% on the news.<\/p>\n

The funding comes as the group behind the blockchain announced the project’s in-app functionalities as well as the WLD token<\/a> has become available as of earlier this month to U.S. users.<\/p>\n

\u201cTo meet increasing demand for Orb-verified World IDs and support the expansion of the World network throughout the U.S. and beyond, World Assets, Ltd. (a subsidiary of the World Foundation) sold $135M of WLD at market prices to two of the project\u2019s earliest backers, Andreessen Horowitz and Bain Capital Crypto. The circulating supply of WLD has thus increased correspondingly,\u201d the team wrote<\/a> in a blog post.<\/p>\n

The WLD token was created at launch in July 2023, and it currently has a market capitalization of $1.87 billion and is up 55% in the last month, according to<\/a> CoinMarketCap. WLD though is down roughly 75% from its all time high.<\/p>\n

Until earlier this month<\/a>, U.S. users were unable to use World\u2019s primary product, their orbs, a bowling ball-shaped device that scans a person\u2019s eyeballs to confirm their identity. Once they scan, users can access the World app and receive an airdrop of the WLD token, which can then be used in World’s miniapps ecosystem. <\/p>\n

During the announcement earlier this month, Altman shared that the project hopes to have to give 180 million Americans access to Orbs, more than half the country’s population, by the end of the year.<\/p>\n

Read more: Sam Altman\u2019s World Crypto Project Launches in US With Eye-Scanning Orbs in 6 Cities<\/a><\/em><\/p>\n<\/div>\n

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Margaux Nijkerk<\/a><\/h5>\n
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Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.<\/p>\n<\/div>\n

X icon<\/title><\/svg><\/a><\/g><\/svg><\/a><\/p>\n<\/div>\n

\"Margaux<\/a><\/p>\n<\/div>\n

Read More<\/a>
\n Margaux Nijkerk<\/p>\n","protected":false},"excerpt":{"rendered":"

Sam Altman\u2019s World Raises $135M in Token Sale to a16z and Bain Capital Crypto Funds from the venture capital giants will be used for the network’s expansion. Updated May 21, 2025, 5:14\u202fp.m. Published May 21, 2025, 4:39\u202fp.m. Sam Altman\u2019s blockchain project World Network has raised $135 million in a private token sale of its WLD<\/p>\n","protected":false},"author":1,"featured_media":850265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29127,644],"tags":[],"class_list":{"0":"post-850264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altmans","8":"category-world"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/850264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=850264"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/850264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/850265"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=850264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=850264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=850264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}