Editor's PiCK
Worldcoin (WLD) Surges 31% as World Network Secures $135 Million in New Investment
Summary
- Worldcoin surged 31% following the announcement of a $135 million investment.
- The investment will be used to deploy iris scanning devices across the U.S. and expand services by the end of the year.
- The project team emphasized that this investment is for Worldcoin's long-term mission.
Worldcoin (WLD) surged over 31% following news of a major venture investment.
According to cryptocurrency media outlet CryptoPotato on the 23rd, World Network recently announced that it has secured a total of $135 million in investment from Andreessen Horowitz (a16z) and Bain Capital Crypto. This funding was raised through a private token sale. The funds will be used to deploy 7,500 iris scanning devices called 'Orb' across the United States and to expand services to up to 180 million people by the end of the year.
WLD surged 31.4% in a single day from $1.24 to $1.63. This marks a 164% rebound from the low recorded early last month.
The project team stated, "This investment is for Worldcoin's long-term mission and was made with the support of builders who have believed in us from the beginning."
Meanwhile, Worldcoin launched full-scale services last month in six cities: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Users can receive WLD tokens through iris authentication and access features such as token-based loans, prediction markets, and usable Visa cards.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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