World Foundation has raised $52.5 million in a strategic funding round led by Pantera Capital, with participation from Bain Capital Crypto, Eightco Holdings, Selini Capital and Susquehanna Crypto. This operation, conducted through a sale of WLD tokens with a one-year lockup period, aims to finance the deployment of World ID technology on consumer platforms, enterprise digital services and the AI agent web. The project seeks to combat the proliferation of deepfakes, fake profiles and identity theft facilitated by artificial intelligence. Despite numerous controversies and national bans surrounding its retinal scanning system, World continues to attract investors by capitalizing on the rise of generative AI tools.
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