3AC was among the investors who participated in a funding round in 2021 by Tools For Humanity, the developer behind the iris-scanning project Worldcoin. The funding round raised $25 million at a valuation of $1 billion at the time. 3AC founder Su Zu noted that he received heavy criticism for the company’s investment in Worldcoin, adding that the backlash caused seed round investors not to endorse the project on X. The former hedge fund currently holds 75 million WLD coins, making the company one of the largest investors in it.
Source: Anthonia Isichei, 2024-02-21; https://cryptopotato.com/3acs-investment-in-worldcoin-seems-to-pay-off-for-creditors/