Worldcoin (WLD) surged by 31% after securing a $135 million investment from VC firms Andreessen Horowitz and Bain Capital Crypto, aiming to scale U.S. operations and deploy iris-scanning Orbs for human verification.
The funding will support the project's U.S. rollout, with plans to reach 180 million Americans by placing 7,500 Orbs. WLD tokens can be obtained in exchange for biometric verification via Orb, offering features like token-backed loans and prediction markets.
World continues to face privacy concerns despite its global user base surpassing 26 million and issuing 12.5 million Orb-verified IDs. Legal disputes in Germany and Brazil and caution from Singaporean lawmakers have arisen over biometric data handling.
Despite recent operational suspensions, the partnership with Match Group in Japan for age verification on Tinder hints at a strategic shift. WLD token price stability remains strong, trading at $1.54 and witnessing a 31.4% increase in the past week.