The company Tools For Humanity is actively seeking financing. The main developer of Worldcoin, a cryptocurrency project in partnership with Sam Altman, is in talks with various companies to attract investments into the project. The financing is planned to be carried out through the sale of WLD tokens.
Over the past few weeks, TFH has been actively engaging with investors regarding a possible over-the-counter sale of cryptocurrency WLD. According to information from two sources familiar with the situation, the company intends to raise up to $50 million, offering tokens at a price reaching $1, which is significantly below the current market value of around $2.5. The current terms of the deal have not been disclosed yet.
According to another informant with connections in this matter, the investment bank FT Partners from San Francisco, specializing in financial technology, is being considered as one of the potential participants in this deal. Another source familiar with the company's internal processes emphasized that demand from potential investors has been high since the token's launch and continues to grow.
The WLD token is actively used as an incentive to attract users to the protocol. A distinctive feature is rewarding users for scanning their irises. The official launch of this crypto asset took place on July 24, 2023, and currently, the project has more than 2.5 million participants. The project has faced criticism from many experts, including the founder of Ethereum, Vitalik Buterin. He expressed concerns about the danger and risks of this technology.
