#What Recent Developments Have Occurred with World Foundation's Token Sales?
World Foundation, the organization behind the biometric identity verification system previously known as Worldcoin, recently announced significant advancements in its operations. This non-profit entity revealed that its subsidiary, World Assets, Ltd., successfully executed over-the-counter transactions totaling approximately $65 million in WLD tokens with four different counterparties. The series of sales was completed within a week, marking a crucial milestone for the company.
As part of this initiative, World Assets, Ltd. sold about 239 million WLD tokens at an average price disclosed by the organization. The initial sale took place on March 20, 2026, paving the way for subsequent transactions, which were facilitated through a secured multisigned wallet owned by World Assets.
#How Will the Raised Funds Be Utilized?
The funds raised, amounting to $65 million, are strategically earmarked to support essential operations such as research and development, manufacturing of iris-scanning Orb devices, and expanding the project's ecosystem. Notably, $25 million of the tokens sold are locked for six months, preventing buyers from reselling immediately, a move aimed at stabilizing the token's value.
#How Is the Market Responding to WLD Tokens?
This development follows reports from blockchain analytics firm Lookonchain, which highlighted that World offloaded 117 million WLD tokens valued at around $39 million via similar transactions. Currently, WLD has seen fluctuations in its trading price. As of now, it trades at approximately $0.27, reflecting a 13.5% decline over the past week. Interestingly, this token reached its highest value of $11.7 in March 2024, indicating its volatile market behavior.
#Who Holds the Majority of WLD Tokens?
A noteworthy player in the WLD token market includes Tom Lee-backed Eightco Holdings, the largest publicly traded holder, with an impressive control of 277 million tokens as recorded on March 20.
Founded by Sam Altman, Alex Blania, and Max Novendstern in 2019, Worldcoin aims to establish a global proof-of-personhood system by combining biometric verification with cryptocurrency. This innovative ecosystem consists of several components, including the Orb-based World ID, the WLD token, and the World App wallet, as well as the World Chain layer 2 network.
The World ID has successfully verified nearly 18 million unique users globally, contributing to a growing community of around 39 million World App users across more than 160 countries. The operational infrastructure has increased to accommodate 948 active Orbs, with a notable intake of over 60,000 new accounts alongside 16,000 verifications conducted just in the past week.