Today, more than 8 million people have an Orb-verified World ID, a secure and anonymized digital passport that allows individuals to prove they are a unique human in the intelligence age. World Network continues to grow rapidly, currently adding more than 300,000 Orb-verified humans and more than 790,000 network users per week.
To meet the increasing demand for Orb-verified World IDs around the world and support the growth of the World network, World Assets Limited (a subsidiary of the World Foundation) conducts recurrent tranche-based WLD sales to trading firms, as described here.
While the existing sales have sufficiently funded operations and growth, the World Foundation has identified the need to create a capital buffer. To that end, World Assets recently sold 59.5M WLD tokens from its treasury to a select group of private institutional investors. This capital buffer will be critical to ensure financial resilience and operational continuity amid fluctuating market conditions.
To align these investors with the long-term orientation of the World project, those sales include a 1-year lock-up, followed by a 3-months daily linear unlock. The circulating supply of WLD will thus begin to increase correspondingly in approximately one year (for live metrics, see Dune).
World Assets does not anticipate any further OTC token sales of this form. Instead, the tranche-based sales to trading firms are expected to continue. Ultimately, however, it is anticipated that World Network will become one of the first self-sustaining protocols (e.g., via protocol fees) and phase out the need to engage in token sales.
As with all historic token sale transactions, these recent private placements were limited to investors operating outside of the U.S., and further include measures designed to prevent WLD sold outside the US from flowing back into the US, including, without limitation, restricting any resales of WLD to US persons or on digital asset trading platforms available to US persons.
Disclaimer
World Assets may be required or choose to deviate from the plans set forth above without notice. The above content speaks only as of the date indicated and may be based on uncertainties and assumptions, and as such, its accuracy cannot be guaranteed.
The contents of this blog post are subject to the Disclaimer set forth in the World Whitepaper. Readers are reminded that holding and using crypto products involves a wide variety of risks and are encouraged to carefully review this Important User Information.
WLD is not available to or intended for people, companies or organizations who are residents of, or are located or incorporated in the United States or certain other restricted territories (or have beneficial ownership in the United States or such other restricted territories). However, World ID, TFH’s World App, and other associated functionalities within the World Network remain available in the United States. For details, please review the User Terms and Conditions. Readers are also directed to review TFH’s Terms of Use.