The World Foundation has raised $52.5 million in a funding round led by Pantera, according to reporting from CoinTelegraph.
The organization sold locked WLD tokens to strategic investors as part of the funding round, which aims to support the expansion of its biometric identity network, known as World ID.
The funding comes amid rising demand for human verification online, with the World Foundation seeking to grow its infrastructure to meet this need.
The investment will help the World Foundation to further develop its World ID infrastructure, which utilizes biometric identity verification to authenticate individuals online.