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


The World Foundation, the non-profit entity behind the biometric identity verification protocol formerly known as Worldcoin, today revealed that its subsidiary completed the sale of approximately $65 million in WLD tokens through a series of over-the-counter trades with four counterparties over the past week.

Based on the average announced price, World Assets, Ltd., the unit responsible for issuing and distributing the tokens, sold approximately 239 million WLD tokens.

Of the $65 million raised, $25 million worth of tokens were held for six months to prevent immediate sales by buyers, the team noted.

The first settlement was completed on March 20, with the remaining transfers made from the dedicated World Assets multisig wallet. The funds are allocated for core operations, R&D, manufacturing of the project’s iris-scanning Orb devices, and expansion of the ecosystem.

This revelation comes after blockchain analytics firm Lookonchain reported last week that World Unloading 117 million $39 million worth of WLD tokens via OTC trades.

WLD is trading at around $0.27 at press time, down 13.5% in the past week, CoinGecko Data He appears. The token peaked at $11.7 in March 2024.

Tom Lee supported Etco Holding Company It is the largest publicly traded holder of WLD, controlling 277 million tokens as of March 20.

Founded in 2019 by Sam Altman, Alex Blania, and Max Novendstern, Worldcoin combines biometric identity verification with cryptocurrencies to pioneer a global identity proofing system.

Its ecosystem features the Orb-based World ID, WLD token, World App wallet, and the World Chain Layer 2 network.

World ID has verified nearly 18 million unique people, with nearly 39 million World App users. The network spans over 160 countries, supported by 948 active Orbs, and continues to grow with over 60,000 new accounts and 16,000 verifications in the past week.

Disclosure: This article was edited by Vivian Nguyen. For more information on how to create and review content, see our website Editorial policy.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *