OpenAI CEO Raising $100 Million for His Crypto Project Worldcoin
May 14,2023,12:06
Worldcoin, the crypto company founded by OpenAI CEO Sam Altman, is in advanced talks to raise $100 million in funding, according to the Financial Times. The company's previous investors include Khosla Ventures and Andreessen Horowitz's crypto fund.
Founded by Altman and Alex Blania in 2019, Worldcoin plans to use eyeball-scanning technology to create a global identification system that could be used to gain free access to its own global currency, Worldcoin. According to The Information, a 100 million token sale early last year valued the total supply of the company's tokens at $3 billion.
The company is reportedly preparing to launch the Worldcoin protocol in the coming weeks and will begin recording transactions within the next six weeks.
