Exhibit
4.1


 


	NUMBER

    U-__________
    
	 	UNITS


 


	 	SEE
    REVERSE FOR

    CERTAIN
    DEFINITIONS

     

    BLUE
    WORLD ACQUISITION CORPORATION
	 


CUSIP
[___________]


 


UNITS
CONSISTING OF ONE CLASS A ORDINARY SHARE, ONE-HALF OF ONE WARRANT TO ACQUIRE ONE CLASS A ORDINARY SHARE, AND


ONE
RIGHT TO RECEIVE ONE-TENTH OF ONE CLASS A ORDINARY SHARE


 


THIS
CERTIFIES THAT ______________________________________________________________________________________________


is
the owner of ________________________________________________________________________________________________ Units.


 


Each
Unit (“Unit”) consists of one share Class A ordinary share, par value $0.0001 per share (“Class A Ordinary
Shares”), of Blue World Acquisition Corporation, a Cayman Islands exempted company (the “Company”), one-half
of one redeemable warrant (“Warrant”), with each whole Warrant to acquire one Class A Ordinary Share, and one right
(“Right”) to receive one-tenth (1/10) of one Class A Ordinary Share. The Class A Ordinary Shares, Warrants, and Rights
comprising the Units represented by this certificate are not transferable separately prior to the fifty second (52nd) day after the date
of the prospectus relating to the Company’s initial public offering, unless Maxim Group LLC (“Maxim”) determines
that an earlier date is acceptable, but in no event will the Class A Ordinary Shares, Warrants, and Rights be traded separately until
the Company files with the Securities and Exchange Commission (the “SEC”) a current report on Form 8-K which includes
an audited balance sheet reflecting the receipt by the Company of the gross proceeds from its initial public offering including the proceeds
received by the Company from the exercise of the over-allotment option thereto, if the over-allotment option is exercised. If Maxim allows
separate trading of the Class A Ordinary Shares, Warrants, and Rights prior to the 52nd day after the date of the prospectus relating
to the Company’s initial public offering, the Company will issue a press release and file a Current Report on Form 8-K with the
SEC announcing when such separate trading shall begin.


 


The
terms of the Warrants are governed by a Warrant agreement (the “Warrants Agreement”), dated as of [●], 2021,
between the Company and Continental Stock Transfer & Trust Company, as the warrant agent, and are subject to the terms and provisions
contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. The terms of the
Rights are governed by a rights agreement (the “Rights Agreement”), dated as of [●], 2021, between the Company
and Continental Stock Transfer & Trust Company, as the rights agent, and are subject to the terms and provisions contained therein,
all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrants Agreement and
the Rights Agreement are on file at the office of Continental Stock Transfer & Trust Company at 1 State Street, 30th Floor, New York,
NY 10004, and are available to any Warrant holder or Rights holder on written request and without cost, respectively.


 






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This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.


 


Witness
the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.


 


This
Unit Certificate shall be governed and construed in accordance with the internal laws of the State of New York, without regard to conflicts
of laws principles thereof.


 


	 	[Seal]	 


 


	By	 	 	 	 
	 	 	 	 	 
	 	Chairman	 	 	Chief
    Financial Officer


 


Blue
World Acquisition Corporation 


 


The
Company will furnish without charge to each shareholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights.


 


The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations:


 


	 	TEN
    COM -	as
    tenants in common	 	UNIF
    GIFT MIN ACT - ________ Custodian ________
	 	TEN ENT -	as tenants
    by the entireties	 	(Cust)
    (Minor)
	 	JT TEN -	as joint tenants
    with right of survivorship	 	under
    Uniform Gifts to Minors
	 	 	and not as
    tenants in common	 	Act
    ________________
	 	 	 	 	(State)


 


Additional
Abbreviations may also be used though not in the above list.


 


For
value received, ___________________________ hereby sell(s), assign(s) and transfer(s) unto


 






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    PLEASE
    INSERT SOCIAL SECURITY OR OTHER

    IDENTIFYING
    NUMBER OF ASSIGNEE(S)
	 
	 	 


(PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE(S))


 


Units
represented by the within Certificate, and do hereby irrevocably constitute and appoint


Attorney
to transfer the said Units on the books of the within named Company will full power of substitution in the premises.


 


Dated
_______________


	 

     
	 	 
	 	Notice:	The
    signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without
    alteration or enlargement or any change whatever.


 


Signature(s)
Guaranteed:


	 	 
	THE
    SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
    UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).	 


 


The
holder of this certificate shall be entitled to receive funds with respect to the underlying Class A Ordinary Shares from the trust fund
only in the event of the Company’s liquidation upon failure to consummate a business combination or if the holder seeks to convert
his or her respective Class A Ordinary Shares underlying the unit upon consummation of such business combination or in connection with
certain amendments to the Company’s amended and restated memorandum and articles of association. In no other circumstances shall
the holder have any right or interest of any kind in or to the trust fund.


 


 


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