Worldcoin Developers Seek Investments

The developers behind Worldcoin are making significant efforts to attract investments to their project. Tools For Humanity, the company responsible for Worldcoin's development, is currently engaged in discussions with multiple companies regarding potential investments in the project. These investments will be funded by the sale of WLD tokens, the native cryptocurrency of Worldcoin.

Over the past few weeks, TFH has held negotiations with several investors regarding a possible over-the-counter sale of WLD tokens. Two individuals familiar with the situation have stated that the company aims to raise up to $50 million through this fundraising initiative. Notably, the tokens will be sold at a significant discount compared to the current spot price, which is around $2.5. However, the precise terms of the agreement have not been disclosed at this time.

According to another source familiar with the matter, the San Francisco-based investment bank FT Partners, specializing in the fintech sector, is one of the key players in this potential deal. Another informed individual noted that the demand from potential investors has remained high since the token's launch and shows no signs of diminishing.

Representatives from Worldcoin have declined to comment on the situation. Worldcoin, a crypto project focused on identity verification using spherical eye-scanning devices to help people confirm their identities online, has garnered attention since its inception. Co-founder Sam Altman also serves as the CEO of OpenAI, the company behind ChatGPT.

The WLD token serves as an incentive for users to subscribe to the protocol, with individuals being rewarded for scanning their eye irises. The cryptocurrency officially launched on July 24, 2023, and has since attracted over 2.5 million participants. However, the project has faced criticism from numerous experts, including Ethereum's founder, Vitalik Buterin, who expressed concerns about the technology's risks and potential dangers.