World Foundation raises $52.5 million via token sale, led by Pantera Capital.
1 hours ago
World Foundation, the non-profit organization behind the World Protocol, announced it has raised $52.5 million in new capital via a strategic sale of WLD tokens, with all tokens subject to a one-year lock-up period. The "first closing" of the token sale was led by Pantera Capital, with other investors including Bain Capital Crypto, WLD’s asset management firm Eightco Holdings, Selini Capital, and Susquehanna Crypto. It remains unclear if the foundation plans additional token sales after this first closing. The foundation noted that the WLD tokens sold in the transaction "are intended for internal use within the World Network and do not represent any investment rights, profit, or return entitlements." A spokesperson clarified that this means WLD purchased by investors does not constitute equity in Tools for Humanity, the for-profit company backing the World Network.
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