Three Arrows participated in a $25 million round at a $1 billion valuation for Worldcoin’s developer Tools For Humanity. FTX’s founder, Sam Bankman-Fried, was an early investor as well.
However, WLD prices may run into headwinds as a token unlock worth $165 million is set to begin this week, ending on Feb.26, data from 3AC participated in a $25 million round for Worldcoin’s developer Tools For Humanity, which valued the firm at a $1 billion valuation, data from funding tracker. The firm’s exact WLD holdings are unknown, and its founders owe creditors over $1.5 billion from investment losses, as per court filings.
WLD’s rise has apparently come after AI developer OpenAI’s launch of a text-to-video generator, Sora, last week. Worldcoin’s parent company and OpenAI share the same founder, Sam Altman, and crypto traders are likely considering WLD a bet on the latter’s successes.