Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Worldcoin’s parent entity, the nonprofit World Foundation, has injected fresh momentum into its biometric-identity project after selling $135 million worth of liquid WLD tokens at spot price to two of its earliest backers, Andreessen Horowitz (a16z) and Bain Capital Crypto. The direct purchase—explicitly “not a venture round… a direct purchase of non-discounted liquid tokens,” according to the foundation—adds the same amount of WLD to circulating supply and leaves no lock-ups or preferential terms on the table.
Worldcoin Rakes In $135 Million
The sale is meant to bankroll a rapid expansion of Worldcoin’s iris-scanning “Orb” hardware in the United States—still the project’s toughest regulatory theater—and to keep pace with surging demand abroad. “To date, more than 26 million users participate in the World network and more than 12.5 million people have an Orb-verified World ID,” the foundation said in its press release, adding that the capital will help the network become “one of the first self-sustaining protocols.”
Andreessen Horowitz’s participation is consistent with its early role in the project. The venture firm was a lead investor in Tools for Humanity—the company that incubated Worldcoin—during its 2021 Series A, making it a foundational backer of the ecosystem even before the World Foundation was established.
Market observers were struck by the size and terms of the buy. Bitwise CIO Matt Hougan noted on X that “a16z and Bain just bought $135 m of Worldcoin (WLD) at the current market price … a price that is down 90% over the past 14 months. I’m not sure I’ve ever seen something like that. Intriguing tbh.” When a user suggested the purchase might simply be a “look at this thing that Sam Altman is involved with that’s so cheap,” Hougan replied, “yes, could be.”
Worldcoin casts its “proof-of-personhood” scheme as a necessary counterweight to the acceleration of artificial general intelligence. The foundation insists that identity verification tools “should scale at a similar pace to help prepare humanity for the AGI era,” and says the latest funding will be deployed primarily to manufacture more Orbs, subsidize US city roll-outs, and refine the protocol’s fee model.
With venture capital titans effectively doubling down at market price—and doing so after a near-90% drawdown—the trade is being interpreted as a high-conviction signal that the biometric-identity narrative may be poised for a second act. Whether that confidence can overcome regulatory headwinds and lingering privacy concerns will define the next chapter for Sam Altman’s most controversial crypto experiment.
WLD Chart Check
A weekly chart of WLD/USDT (Binance) shows price rebounding in a V-bottom manner from the low at $0.57—the 0-Fib anchor in the current retracement grid—and pushing into the cluster of moving averages that have capped every rally since the beginning of the year.
The 20-week EMA ($1.27) is the immediate hurdle; clearing it would expose the 50-week EMA at $1.87 and then the 0.236 Fibonacci retracement at $3.27.The psychologically weighty $5 region around the 0.382 level could come afterwards.
Notably, momentum has brightened: the weekly RSI is curling upwards, while higher volume bars confirm fresh dip-buying interest. Still, the longer-term structure remains decisively bearish so long as price trades beneath the $1.33-$1.41 resistance area.
At press time, WLD traded at $1.337.
Featured image created with DALL.E, chart from TradingView.com
Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.
His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.
Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.
For Jake, Bitcoin represents more than just an investment; it’s a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.
As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.
In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.
You can engage with his latest takes on Twitter: @realJakeSimmons.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
