• OpenAI CEO Sam Altman is reportedly in advanced talks to secure $100 million in funding for the Worldcoin project.
• Worldcoin recently launched a gas-free crypto wallet and is preparing to launch its blockchain protocol within the next six weeks.
• The proposed funding will be sourced from a mix of new and existing investors, including Digital Currency Group, Coinbase Ventures, former FTX CEO Sam Bankman-Fried, and LinkedIn co-founder Reid Hoffman.
OpenAI CEO Reportedly In „Advanced Talks“ For WorldCoin Funding
According to a report from The Information, OpenAI CEO Sam Altman – who is also a co-founder of Worldcoin – is in advanced talks to secure $100 million in funding for the Worldcoin project through a private token sale.
WorldCoin Launches Gas-Free Crypto Wallet
Worldcoin recently launched a gas-free crypto wallet for verified humans on May 8th 2023. Tiago Sada, a Worldcoin team member said that the wallet was launched so “there is an alternative wallet that is focused just on simplicity.” Currently, Worldcoin is preparing to launch its blockchain protocol.
Project Aim To Tackle AI Complexity Issues
According to the executives, the project aims to “tackle two problems” raised by the growing complexity of artificial intelligence. Besides having a blockchain, Worldcoin also aims at creating a collectively owned and globally distributed cryptocurrency.
Proposed Funding From New And Existing Investors
According to a source familiar with the project, the proposed $100 million funding will be sourced from a mix of new and existing investors. When WordlCoin was launched it conducted an Series A funding round led by Andreessen Horowitz (a16z) among other investors such as Digital Currency Group, Coinbase Ventures etc.
Funding Led By Andreessen Horowitz (a16z)
The Series A funding round was led by Andreessen Horowitz (a16z) among other investors such as Digital Currency Group, Coinbase Ventures , former FTX CEO Sam Bankman-Fried , and LinkedIn co-founder Reid Hoffman .
