Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman, is reportedly close to securing a new round of funding worth $100 million from a mix of existing and new investors.
OpenAI CEO’s Worldcoin Reportedly Close to $100 Million Raise
Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman, is reportedly close to securing a new round of funding worth $100 million from a mix of existing and new investors. The project, which is still in beta, aims to create a global and collectively owned cryptocurrency that can foster financial inclusion.
According to sources cited by the Financial Times, the potential new funding is remarkable given the prolonged crypto winter that has affected the market. Worldcoin has already raised funds from prominent investors such as a16z, Digital Currency Group, Coinbase Ventures, Sam Bankman-Fried and Reid Hoffman in its Series A round.
Worldcoin plans to launch its own network, which is built on Optimism, in a matter of weeks. The project recently launched its own crypto wallet, known as World App, for verified users on May 8th.
