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.
Originally reported by TechCrunch. Read the full story at the original source.
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