Worldcoin’s $135M Token Sale: A Comedy of Errors and Profits! 😂💰

by

Ah, the World Foundation, that illustrious entity behind the enigmatic Worldcoin (WLD), has managed to procure a staggering $135 million through a token sale. One might say it’s a rather audacious attempt to expand its reach in the vast expanse of the United States. And lo and behold, this audacity has resulted in a delightful 13% spike in the price of its native token, WLD. Who knew money could grow on trees? 🌳💸

According to the official proclamation, this token sale was orchestrated by the early backers, the ever-astute Andreessen Horowitz (a16z) and Bain Capital Crypto, who, in a fit of enthusiasm, purchased WLD tokens at market prices. This funding is a significant leap towards scaling Worldcoin’s “real human network,” which, let’s be honest, sounds like something out of a science fiction novel, complete with its controversial yet innovative iris-scanning identity verification system. Because who doesn’t want their eyeballs scanned? 👀

“To date, more than 26 million users have joined the World network, and over 12.5 million souls possess an Orb-verified World ID,” the Worldcoin team proudly declared. It seems they are quite pleased with their reach, as if they were announcing a new bestseller rather than a digital identity system. 📚✨

The primary purpose of this latest capital infusion is to satisfy the insatiable demand for Orb-verified World IDs and to support the expansion of the World network across the U.S. and beyond. While Worldcoin is busy rolling out its operations in major cities like Los Angeles, Miami, and New York, one can only wonder if they’ll soon be setting up shop in our backyards. 🏡

Co-founded by the illustrious Sam Altman of OpenAI fame, this project aspires to create a global digital identity network by issuing unique World IDs via biometric “Orb” devices. To facilitate this grand vision, Worldcoin is constructing a manufacturing facility in Richardson, Texas, to mass-produce these Orbs. A long-term commitment to the U.S. market, indeed! Or perhaps just a long-term commitment to our wallets? 🤔💳

WLD Price Spikes 13% in Minutes

In the wake of this announcement, the WLD price soared over 13% in mere minutes, only to later tumble down to $1.16, where it currently languishes. Over the past 30 days, WLD has experienced a roller-coaster ride, posting a gain of 50% amidst the chaos of massive volatility. 🎢

This latest token sale, a direct purchase of tokens at market price, has dramatically increased WLD’s circulating supply, now standing at approximately 1.51 billion tokens—15% of the total supply. It’s as if they’re throwing tokens around like confetti at a wedding! 🎉

This move follows a planned 19% supply expansion announced for 2024, with up to 1.5 million WLD tokens to be sold weekly to select trading firms outside the U.S. over the next six months. Because why not keep the party going? 🥳

Read More

2025-05-21 22:06