The World Foundation, linked to Sam Altman, has raised $65 million through an over-the-counter sale of its WLD tokens at a steep discount. The sale, priced around $0.27 per token, comes as WLD trades near record lows, down approximately 97% from its March 2024 peak.
World Foundation has secured $65 million via an over-the-counter sale of its WLD token. World Assets, the foundation’s token issuance arm, completed the sale to four counterparties over the past week.
The transactions were priced at an average of roughly $0.27 per token. This suggests around 239 million tokens changed hands in the deal.
“This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more,” the foundation stated. Of the total, $25 million worth of tokens are subject to a six-month lockup.
Following the announcement, WLD briefly fell to an all-time low near $0.24. It has since recovered to trade around $0.27, according to CoinMarketCap data.
The sale represents a significant discount to prior funding rounds. In May 2023, World raised $135 million at approximately $1.13 per token from backers including Andreessen Horowitz and Bain Capital Crypto.
Additional supply pressure may arise from a major community token unlock scheduled for July 23. The unlock covers roughly 52.5% of the token’s total supply, according to DefiLlama.
The project continues to face regulatory scrutiny internationally. Authorities in Thailand raided an iris-scanning site linked to World in October 2023.
The country’s Securities and Exchange Commission said the service may have violated digital asset laws. The project has faced probes in several other countries, including Indonesia, Germany, Kenya, and Brazil.
