Tools For Humanity, the main developer of a crypto project named Worldcoin, founded by Sam Altman, has started discussions with investors to raise more capital through the sales of WLD tokens. Over the past few weeks, TFH has been in talks with several investors about a potential over-the-counter sale of the WLD token.
Remarkable Move by the Worldcoin Team
Accordingly, it is claimed that the company wants to raise up to $50 million and the WLD token will potentially be priced at $1 per token. This is seen as a notable discount for WLD, which is currently trading at $2.50 at the time of writing this article.
Also, it is among the claims that FT Partners, a San Francisco-based investment bank focusing on the fintech sector, has been helping increase the WLD token. One person speaking about the agreement explained that demand from potential investors has been strong since the token was launched, and added that standard terms for the agreement would apply to any investment in the WLD token.
Worldcoin is known as an identity-focused crypto project that uses spherical devices to scan people’s retinas to help them prove their identities online. Sam Altman, one of the creators of the project, is also the CEO of OpenAI, the company behind the high-profile artificial intelligence tool ChatGPT.
The Project at the Center of Discussions
Worldcoin prefers to use the WLD token as an incentive to get users to register with the protocol and rewards people who scan their retinas with the WLD token. The token was officially launched on July 24 and more than 2 million people are waiting to benefit from the reward. Today, more than 2.5 million people have had their retinas scanned at the event launched by Worldcoin.
During the launch, the price of the WLD token attracted attention by rising above $3 before slightly falling below $1 in September. Since then, WLD has been steadily rising and is currently trading at $2.50 at the time of writing. The initial launch of the token had led to criticisms from some commentators claiming that the low float structure artificially created a high price.