Sam Altman's blockchain project, World Network, has successfully raised $135 million in a private token sale of its WLD token, targeting venture capital firms a16z and Bain Capital Crypto. This funding will support the network's expansion and was announced alongside the introduction of the WLD token to U.S. users. The WLD token, launched in July 2023, has experienced a significant price increase of 14% following the news, and its market capitalization now stands at $1.87 billion—up 55% over the past month but still down 75% from its all-time high. The funds raised are intended to meet increasing demand for Orb-verified World IDs, which allow users to access the World app and receive an airdrop of WLD tokens. Currently, the project aims to provide over 180 million Americans with access to Orbs by the end of the year, marking a significant step in its expansion efforts.

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