CEO of OpenAI Sam Altmanaims to raise $100 million in funding to create a secure global cryptocurrency called Worldcoin.
According to people knowledgeable on the subject, worldcoinIn preparation for launch, Sam Altman is in advanced talks to raise funds. Financial Times According to the news, Altman plans to raise $100 million from existing and new investors. Among the existing investors of the company Khosla VenturesAnd Andreessen Horowitzbesides Reid Hoffmanis also included.
Worldcoin To Be Launched In The Coming Weeks
Worldcoin was launched in 2019 by Sam Altman and Alex Blania was founded by The company earlier this year Microsoftmade a multi-billion dollar deal with OpenAIHe drew a low profile.
However, it still has big ambitions, such as using eye-scan technology to create a global identity system that can be used to provide free access to its own global currency, Worldcoin. The InformationAccording to a report by the company, the firm raised $100 million from investors in March 2022 through a private token sale.
The company said that users can receive free Worldcoin tokens after identifying their identity with iris biometrics.
Worldcoin has received a lot of criticism, notably because biometric scanning poses privacy risks. However, the statement made by the company claimed that iris scans will not be stored and the device will not harm users’ eyes.
Operating in beta, the company is set to begin rolling out its blockchain protocol and recording transactions in the next six weeks.
