Sam Altman-Backed World Completes $65M WLD Token Sale

CryptoFrontNews
WLD-13,86%
  • World sold 239M WLD tokens for $65M via OTC deals, with settlements starting March 20, 2026.

  • $25M in tokens locked for six months, limiting immediate selling pressure while managing liquidity.

  • Funds allocated to operations, R&D, orb production, and ecosystem growth without full breakdown.

Sam Altman-backed World completed $65 million in over-the-counter WLD token sales, according to The World Foundation. The transactions began settling on March 20, 2026, involving four undisclosed counterparties. The deals were executed through World Assets, Ltd. at an average price of $0.2719, targeting operational expansion.

Transaction Structure And Settlement Timeline

According to The World Foundation, World Assets, Ltd. coordinated the OTC sales across multiple transactions rather than a single execution. The total volume reached 239 million WLD tokens based on the disclosed average price. However, the foundation did not reveal the identities of the four counterparties involved.

Instead, the announcement focused on aggregate outcomes and settlement mechanics. Notably, settlements started on March 20 and continued over several days. Meanwhile, the foundation also confirmed that remaining transfers will pass through a designated multisignature wallet, allowing transaction tracking tied to these deals.

Lockup Conditions Shape Market Impact

Importantly, not all tokens from the sale will enter circulation immediately. The World Foundation stated that $25 million worth of WLD tokens remains under a six-month lockup period. This restriction limits immediate selling pressure from a portion of the allocation.

However, the remaining tokens are not subject to the same constraint. As a result, part of the supply may still reach the market in the near term. Despite that, the structured release aims to manage short-term liquidity effects while maintaining funding objectives.

Funding Allocation Across Core Operations

The World Foundation outlined how it plans to deploy the $65 million raised through these transactions. The funds will support operational costs, including staffing and ongoing project execution. Additionally, a portion will fund research and development tied to system upgrades.

Moreover, the organization allocated capital toward orb manufacturing, which supports its biometric verification infrastructure. These devices remain central to World’s identity system. Alongside this, funding will also support ecosystem development, although no detailed breakdown was disclosed.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

XRP Goes Live on Solana as Official Wrapped Token

Ripple's XRP launched on Solana as a wrapped cross-chain asset on April 17, partnering with Hex Trust and others. This move, aimed at boosting liquidity and expanding access to Solana's DEX ecosystem, highlights Solana's growing role in cross-chain tokenization.

GateNews3h ago

Sui Targets South Korea for Financial Partnerships, Plans Won-Pegged Stablecoin and Bitcoin Products

Sui, a Layer 1 blockchain project, aims to expand in South Korea by collaborating with financial institutions and technology companies. Key initiatives include developing a stablecoin pegged to the won and enhancing its developer ecosystem with the Move programming language.

GateNews8h ago

Whale Purchases 4.5M LDO Worth $1.86M via OTC Following Lido Buyback Launch

Lido's LDO buyback program prompted a significant purchase of 4.5 million LDO tokens by a whale for $1.86 million, alongside 10,000 AAVE tokens for $1.15 million, sourced from Wintermute and FalconX, respectively.

GateNews14h ago

Nexters and Velop's Chaos W Surpasses 470K Pre-registrations Ahead of Q2 Launch

Nexters and Velop announced that their mobile MMORPG Chaos W has achieved over 470k pre-registrations ahead of its Q2 2026 launch. The game's hybrid model combines RTS and RPG elements, utilizing a fixed supply economy and accessible pre-registration via Telegram, aiming for global market growth.

GateNews15h ago

JST Token Burn Reaches 1.35 Billion Tokens, Representing 13.70% of Total Supply

JST's buyback and burn program has successfully burned 1.35 billion tokens, or 13.70% of its supply, valued at $60.03 million. The initiative, completed in three phases, creates a self-sustaining deflationary cycle using protocol revenues.

GateNews15h ago

LeverFi(LEVER) will be delisted on Gate on April 18; users need to withdraw it before April 21 and swap it themselves for Sedunia(SED)

Gate News message, according to an announcement from the LeverFi project team, the LeverFi (LEVER) token will soon be swapped for a new Sedunia (SED) token. Gate will delist the LeverFi (LEVER) trading service on April 18, 2026 at 11:00 (UTC+8), including the LEVER_USDT spot trading pair and quantitative grid. At the same time, Gate has suspended deposits for LEVER. Users need to complete the token swap themselves via the channels specified by the project team; it is recommended to withdraw LEVER tokens to your personal wallet before April 21. Any ongoing LEVER quantitative trading strategies must be adjusted in advance, otherwise they will be forcibly stopped before the delisting.

GateAnnouncement16h ago
Comment
0/400
No comments