Sam Altman’s biometric startup World raises $52.5 million via crypto sale
World, the online verification startup co-founded by OpenAI’s Sam Altman, has raised $52.5 million through a crypto token sale to strategic investors.
Participating investors joined a 12-month lockup sale of World’s token, WLD. Lockup periods prevent asset buyers from selling or trading their tokens for a set period of time. The year-long lockup demonstrates investors’ “long-term commitment to World’s continued growth and utility,” the company said Friday in a press release.
The money will go to the World Foundation, an exempted limited guarantee foundation based in the Cayman Islands, created to steward the expansion of World’s network.
The sale’s lead buyer is Pantera Capital, a venture capital firm focused on digital assets. Other companies involved in the sale included Eightco Holdings, Bain Capital Crypto, Susquehanna Crypto, and Selini Capital, among others.
The World project is operated by Tools for Humanity, a startup based in San Francisco and led by CEO...
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