Sam Altman’s World Foundation Sells $65 Million in Worldcoin
World Foundation sold $65 million in Worldcoin (WLD) tokens to fund operations and Orb manufacturing, amid a challenging market and regulatory scrutiny.Summary
The World Foundation, supporting the Worldcoin project, has completed a $65 million over-the-counter (OTC) token sale with four private counterparties. The funds will be used for operational expenses, research and development, ecosystem expansion, and manufacturing of its iris-scanning hardware, “Orbs.” $25 million of the sold tokens are subject to a six-month lockup to mitigate market impact. However, data indicates a pattern of systematic divestment of WLD tokens by World-affiliated entities over the past two years. This sale occurs as WLD has plummeted to an all-time low, trading over 97% below its peak, and faces increasing regulatory challenges regarding the collection and storage of biometric data. Worldcoin aims to provide a “proof of humanness” network, but regulators globally have expressed concerns about privacy and data security.
(Source：BeInCrypto)