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World Network

World Network WLD

Rank: 67

7413 Watchlists

Chain

WLD Price

0.911
5.50%
($ 0.0475)
Price Range
LowHigh
$ 0.839$ 0.921

World Network Funding Insights

Discover fundraising information: Funding Rounds, return on investment (ROI), prices of investors, and funds raised by World Network (WLD). Review the white paper, team, and financial overview.

Fundraising Info

Total Raised

$ 240.00M

Valuation

$ 3.00B

Tokenomics

Token allocation

Total supply:

10.00B

Community (Launch - Year 3)

40%

Created with Highcharts 11.4.8
  • Community (Launch - Year 3)

    40%
  • Community (Year 4 - Year 6)

    17.5%
  • TFH Investors

    13.5%
  • Initial Development Team

    9.8%
  • Other

    19.2%

Funding Rounds

Undisclosed

23 Mar 2022

Valuation$ 3B

Raised

$ 100.00M

World Network Fundraising Info

WorldCoin are building what they call a Privacy-Preserving Proof-of-Personhood Protocol (PPPoPP). WorldCoin originally set out with the goal of airdropping a token to a billion people. Along the way, WorldCoin found that team had to develop a lot of foundational infrastructure not only on the hardware side (which became the Orb), but also on the crypto/protocol side.

While there are many projects out there building general purpose rollups (e.g., Arbitrum, Optimism, zksync), WorldCoin came across the open source project Hubble, a minimal, application-specific rollup. It allows a highly efficient, but also permissionless and non-custodial airdrop at the scale of one billion people.

Hubble’s open source contracts were already in great shape, and WorldCoin decided to contribute a high-performance sequencer implementation written in Go, with the goal of deploying on mainnet as soon as possible. WorldCoin managed to squeeze out quite some performance of the sequencer in the process. 

Because the Orb uses biometrics for the initial sign-up, WorldCoin wanted to delink this step from the wallet and any future transactions to ensure the user’s privacy. So WorldCoin settled on Semaphore because it not only allows us to add anonymity to a specific action, but also makes it very easy to reuse the setup for new applications, making future use cases possible.

World Network Investors and Backers

Name
Tier
Type
Stage
Blockchain Capital

Blockchain Capital

Lead

1

Venture

Coinbase Ventures

Coinbase Ventures

1

Venture

Andreessen Horowitz (a16z)

Andreessen Horowitz (a16z)

1

Venture

Multicoin Capital

Multicoin Capital

1

Venture

Digital Currency Group (DCG)

Digital Currency Group (DCG)

2

Venture

Hashed Fund

Hashed Fund

2

Venture

CoinFund

CoinFund

2

Venture

Hypersphere Ventures

Hypersphere Ventures

2

Venture

Kenetic Capital

Kenetic Capital

2

Venture

Variant

Variant

2

Venture

1 - 10 from 21

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