Crypto startup Worldcoin sold $100 million worth of tokens
The investors valued the company’s total stock of native tokens at $3 billion
23.03.2022 - 13:30
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What’s new? Crypto startup Worldcoin has raised $100 million with the support of venture funds Andreessen Horowitz (a16z) and Khosla Ventures, The Information reports. The funding came from the sale of the company’s native tokens. The investors valued the total stock of Worldcoin tokens at $3 billion.
What preceded it? In October 2021, the Worldcoin startup raised $25 million and was valued at $1 billion. The round was also led by the Andreessen Horowitz venture fund.
What is known about Worldcoin? The startup is co-founded by Sam Altman, the ex-president of the venture capital fund Y Combinator. Worldcoin uses Orb’s retinal scanning technology in exchange for giving away free cryptocurrency. The project’s native token was unveiled on October 21, 2021. It is designed as a second-tier solution for the Ethereum blockchain.
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