World Foundation has raised $52.5 million in a token sale of its WLD token, according to reports. The sale included a one-year lockup period, meaning investors cannot trade or sell their tokens during that time.

Pantera Capital led the token sale, with Bain Capital Crypto also participating. Additionally, Eightco Holdings, Selini, and Susquehanna are reported to have participated, though this information comes from a single source.

The token sale is intended to fund the scaling of World Foundation's 'Proof of Human' ID network. According to a single source, the project is associated with Sam Altman and the network is designed for AI agents.

The one-year lockup period is a common mechanism to align investor interests with long-term project goals, preventing immediate selling pressure on the token.