World, the Sam Altman-backed project formerly known as Worldcoin, has completed a $65 million over-the-counter sale of its WLD tokens. The World Foundation announced that settlements began on March 20, involving four undisclosed counterparties. The transactions were executed through World Assets, Ltd. at an average price of $0.2719 per token.
OTC Deal Details: 239M Tokens, Four Counterparties
According to the World Foundation, World Assets, Ltd. coordinated multiple OTC trades rather than a single block sale. Based on the disclosed average price, total volume reached 239 million WLD tokens. The foundation did not name the four counterparties, only disclosing aggregate outcomes and settlement mechanics. Settlements began March 20 and continued over several days. The foundation also confirmed that remaining transfers will pass through a designated multisignature wallet, enabling on-chain tracking tied to these deals.
Lockup Mechanism: $25M in Tokens Locked for Six Months
Not all tokens from the sale will hit the market immediately. The World Foundation stated that $25 million worth of WLD tokens are subject to a six-month lockup period. This restriction limits immediate selling pressure from that portion. However, the remaining tokens face no such constraint, meaning part of the supply may enter the market in the near term. The staggered release aims to manage short-term liquidity effects while meeting funding goals.
Fund Allocation: Operations, R&D, Orb Production, Ecosystem
The World Foundation outlined how it plans to deploy the $65 million raised. Funds will cover operational costs, including staffing and project execution. A portion will go to research and development tied to system upgrades. Additionally, capital is allocated to orb manufacturing—the core hardware for World's biometric verification infrastructure. Ecosystem development also received funding, though the foundation provided no detailed breakdown.