World Network Raises $135M From a Token Sale to Andreessen Horowitz and Bain Capital Crypto

World Network has raised $135 million in a token sale to Andreessen Horowitz and Bain Capital Crypto at the [prevailing market price.

A decentralised identity protocol, World Network, has raised $135 million from Andreessen Horowitz and Bain Capital Crypto at the prevailing market price for the token, via a token sale.

The company, which also has backing from the likes of Selini Capital, Mirana Ventures, and Arctic Digital in previous funding rounds, plans to use the fresh capital to “meet the increasing demand for Orb-verified World IDs and support its expansion in the U.S. and beyond.”

Already more than 26 million people in over 160 countries participate in the World Network and more than 12.5 million people have an Orb-verified World ID, the company claims.

Its latest push into the U.S. market comes following the regulatory shift in the country spearheaded by Trump and his “crypto-centric” team.

The company believes its tools will become even more necessary to help distinguish humans from machines in the age of AGI.

“This funding opportunity is in service to the long-term mission of World and is backed by the builders who believed in World from the beginning. It is anticipated that World Network will become one of the first self-sustaining protocols,” the company said in a blog post on its website.

The token sale increases the WLD token’s circulating supply. The WLD token price momentarily spiked to $1.25, before pulling back to $1.15 according to CoinMarketCap data, after the announcement.