Worldcoin (WLD), which suffered a sharp decline in recent weeks after its founder Sam Altman was removed from the project, has now announced its new fund.
The Worldcoin Foundation, a non-profit organization supporting the development of Worldcoin, today announced a $5 million grant program called “Wave0”, Coindesk reported.
According to the news, the grants to be distributed to developers are expected to provide developers with a “focus on building resilient technology and fairer systems” on Worldcoin.
Accordingly, the grant to developers will be distributed through three channels and will include 5 million funds. In addition, this fund will be provided with the WLD token built on Ethereum (ETH).
Speaking to Coindesk, Worldcoin Foundation protocol head Remco Bloemen stated that the grants do not only target developers; “The grant program also requires a larger community effort. This fund also has purposes such as raising awareness and educating people.” said.
Following the news, the WLD price rose above $2.5. WLD continues to trade at $2.45 at the time of writing.
*This is not investment advice.
