Sam Altman’s World sells 239 million WLD through OTC deals with a partial close


World Foundation, the non-profit organization that oversees the biometric identity verification protocol formerly known as Worldcoin, revealed today that its subsidiary completed the sale of approximately $65 million in WLD tokens through a counter-to-counter auction with four partners last week.

Based on the disclosed price, World Assets, Ltd., the entity that manages the issuance and distribution of tokens, has sold approximately 239 million WLD tokens.

Of the $65 million raised, $25 million in tokens are closed for six months to prevent quick sales by buyers, as seen by the group.

The first launch was completed on March 20, with the remaining transfer from the World Assets multisig wallet. Funds are invested in critical operations, R&D, development of Orb’s iris imaging devices, and environmental expansion.

The disclosure comes after blockchain analytics company Lookonchain reported last week that the World they downloaded 117 million WLD’s tokens are valued at $39 million through OTC trading.

WLD was trading at around $0.27 at press time, down 13.5% from last week, CoinGecko said. data demonstrations. The token peaked at $11.7 in March 2024.

Tom Lee – back Opinions of the company Eightco Holdings is the largest seller of the WLD group, managing 277 million tokens as of March 20.

Worldcoin was founded in 2019 by Sam Altman, Alex Blania, and Max Novendstern, and it combines biometric and crypto authentication to create a universal way to authenticate a person.

Its infrastructure consists of Orb’s global ID, WLD token, World App wallet, and World Chain layer 2 network.

World ID has verified approximately 18 million people, with approximately 39 million users worldwide. The network covers 160 countries plus, supported by 948 active Orbs, and continues to grow with 60,000 new accounts and 16,000 confirmations last week.

Disclosure: This article was edited by Vivian Nguyen. To learn more about how we create and review content, see our Registration Procedure.





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