World Coin Foundation, the originator of the future WLD world digital currency, could use a little scratch.
As noted by the trade press, management hopes to raise up to $50 million by selling WLD tokens to investors for $1. Bitcoin KE. The publication claims executives have been buying up the token for several weeks.
Most recently, WLD has been priced at $2.50. It’s unclear what this money will address other than getting fresh blood into the WLD pool.
The move will address the need for ambitious cybercurrencies by drawing in people beyond believers. This is a project that will get people to think of it the same way they think of stamps.
Worldcoin Foundation executives have created a development grant program worth WLD 5 million. The goal is to increase interest in developing better and more equitable technologies based on the Foundation’s biometric technology.
Worldcoin request for proposal page lists five areas for applicants to address, either alone or in combination, two of which relate to the foundation’s digital world identity. One pursues innovation in the World ID app, and the other focuses on the World ID protocol.
The executives were recently in Asia ahead of the first major push in Asia for identity verification through World ID (Iscan Digital ID, which works with WLD).
Article topics
Biometrics | Digital ID | Fundraising | Investment | Tools for Humanity | World Coin