Tools For Humanity, the main developer of the crypto project Worldcoin led by Sam Altman, has started discussions with investors for raising additional capital through the sale of WLD tokens. In recent weeks, negotiations have been held with several investors regarding the over-the-counter sale of the WLD token.
It is claimed that the company aims to raise as much as 50 million dollars and the WLD token may potentially be priced at 1 dollar per token. This appears to be a significant discount for WLD, which was trading at around 2.50 dollars at the time the article was written.
San Francisco-based investment bank FT Partners is also said to have been instrumental in increasing the value of the WLD token. According to one source, the demand from investors has been strong since the token’s launch and standard deal terms will apply for any investment into the WLD token.
Worldcoin is known as an identity-focused crypto project that uses global devices to scan people’s retinas to help them prove their online identities. One of the creators of the project, Sam Altman, is also the CEO of OpenAI, the company behind the high-profile artificial intelligence tool ChatGPT.
Worldcoin prefers to use the WLD token as a reward to encourage users to sign up for the protocol and rewards people who scan their retinas with the WLD token. The token was officially launched on July 24th, and more than 2 million people are expected to benefit from the reward. Today, over 2.5 million people’s retinas have been scanned in an event initiated by Worldcoin.