“The Block” cites sources familiar with the matter, reporting that Tools For Humanity (TFH), the main developer behind the cryptocurrency project Worldcoin co-founded by Sam Altman, is in discussions with investors to raise more funds through token sales.
TFH has been negotiating with multiple investors over the past few weeks for potential over-the-counter trading of WLD, with the company aiming to raise up to $50 million. The possible pricing for WLD is $1 per token, a significant discount compared to the current spot price of around $2.5. However, another source emphasized that no terms have been finalized at this stage.
A third source revealed that FT Partners, an investment bank based in San Francisco focusing on the fintech sector, is assisting in this fundraising. A fourth source stated that demand from potential investors has been strong since the token’s launch, noting that any further investment in WLD will be subject to standard lock-up provisions.
A spokesperson for Worldcoin declined to comment.
Related content: “Worldcoin Complete Introduction, Scanning Iris, All Features and Tutorials at a Glance”