OpenAI CEO Sam Altman is reportedly in “advanced talks” to secure $100 million in funding for Worldcoin, a project focused on creating a globally distributed cryptocurrency that is collectively owned. According to sources familiar with the funding talks cited in a Financial Times report, the funding will come from a combination of existing and new investors.
When Worldcoin was initially announced, it had already raised funds through a Series A funding round led by a16z, with participation from investors such as Digital Currency Group, Coinbase Ventures, former FTX CEO Sam Bankman-Fried, and LinkedIn co-founder Reid Hoffman. In March 2022, it was reported that the company was raising an additional $100 million through a private token sale, as stated by sources cited by The Information.
The potential $100 million funding for Worldcoin signals continued interest and support for the project, which aims to create a globally accessible and collectively owned cryptocurrency. The involvement of prominent investors and the ongoing discussions suggest a positive outlook for Worldcoin’s future development and expansion.
Worldcoin, co-founded by Alex Blania, Sam Altman, and Max Novendstern, embarked on its journey in early 2020. The project aims to address two challenges arising from the increasing intricacy of artificial intelligence, as stated by its executives.
In the coming weeks, Worldcoin plans to introduce its blockchain protocol and initiate the recording of transactions. The project has been in the beta phase and is now preparing for its official launch.
In a recent development, Worldcoin unveiled its own cryptocurrency wallet designed for verified individuals. Notably, this wallet operates without gas fees, offering a convenient and user-friendly experience for users.
These advancements signify the progress and ongoing efforts of Worldcoin to realize its vision of leveraging blockchain technology and addressing the challenges posed by AI complexity.