The WORLD Token Project has announced a successful raise of $500,000 from a token sale on the Legacy Network (LGCY). WORLD is developing a platform that will combine frictionless yield protocols, staking, rewards, and incentivized sales to facilitate the trade of digital goods, services, and NFTs.
The Legacy Network is a Proof of Stake (POS) blockchain protocol that supports transaction speeds of over 10,000 TPS at an average transaction cost of $0.01.
The funds raised will be used to scale WORLD’s developer teams and multifaceted business development initiatives. This will help increase the number of vendors and products available on WORLD’s decentralized marketplace.
Benjamin Rogers from the WORLD team shared his thoughts on the development: “The launch of the WORLD token on the Legacy Network is a big step toward the upcoming launch of our peer-to-peer marketplace. Legacy’s ability to handle over 10,000 transactions per second at a very low cost is a critical component of our go-to-market strategy and will help us deliver on our vision of providing and supporting efficient, performant trading services to our creators, vendors, investors, and partners.”
Justin Waiau, Project Manager at Legacy Network, shared a similar view: “We are excited about our partnership with WORLD and WORLD’s successful raise on our platform. The funds raised will help build WORLD’s marketplace teams and we’re confident about LGCY’s ability to support WORLD’s upcoming initiatives, digital...