The World Foundation has successfully completed an over-the-counter (OTC) sale of WLD tokens worth $65 million, despite a significant 97% decline in the token's price from its all-time high. The sale, finalized on March 28, involved four counterparties and was executed at an average price of $0.2719 per token. A portion of the tokens, totaling 25 million, is subject to a six-month lock-up period. Proceeds from the sale will be allocated to core project operations, research and development, Orb hardware manufacturing, and ecosystem development.
This transaction marks a rare occurrence in the current bear market, where large-scale token sales are uncommon. The World Foundation's last major token financing was in May 2025, when it sold $135 million worth of WLD tokens to early supporters. The recent sale comes as WLD's price continues to struggle, currently trading around $0.27, a stark contrast to its peak of $11.8 in March 2024. The ongoing token unlocks, releasing approximately 5.32 million tokens daily, continue to exert selling pressure on the market.
In conjunction with the sale, World has published a research report on "Private Proof of Human," addressing the need for reliable human identity verification in the AI era. The report outlines a technical solution using Orb's iris scanning hardware combined with secure multi-party computation and zero-knowledge proofs to ensure privacy and security. This initiative aims to establish a foundational trust layer in the digital economy, countering deepfakes and AI bot attacks. World is set to host a global launch event for World ID on April 17 in San Francisco, with key figures like Sam Altman in attendance.
World Foundation Completes $65M WLD Token OTC Sale Amid Market Decline
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
