OpenAI CEO Sam Altman is in “preliminary talks” for a $100 million investment for startup Worldcoin. This is reported Financial Times with reference to sources.
According to the publication, the group of potential investors includes venture capital firms that have previously financed the project.
In 2021, Andreessen Horowitz, Coinbase Ventures, Digital Currency Group and a group of business angels, including FTX founder Sam Bankman-Fried and LinkedIn co-founder Reed Hoffman, participated in the Worldcoin $25 million investment round.
Also, according to insiders, at the beginning of last year, the startup sold $100 million worth of tokens with a total supply of $3 billion. However, the crypto winter and the collapse of large companies could shake the company’s fortunes.
“This is a bear market, a cryptocurrency winter. It is noteworthy that the project in this situation received such an amount of investment, ”said one of the sources.
The core product of Worldcoin is the World ID protocol, which is based on zero-knowledge proofs. With the help of development, it is possible to pass verification using biometric data without sacrificing anonymity.
Previously, Sam Altman offered to pay users for retinal scans.
Recall that in May the company released its own World App crypto wallet, which offers commission-free transfers for verified users. The app supports USDC and DAI stablecoins, as well as Ethereum (ETH), Worldcoin (WDC), and Wrapped Bitcoin (WBTC).
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
OpenAI CEO Sam Altman is in “preliminary talks” for a $100 million investment for startup Worldcoin. This is reported Financial Times with reference to sources.
According to the publication, the group of potential investors includes venture capital firms that have previously financed the project.
In 2021, Andreessen Horowitz, Coinbase Ventures, Digital Currency Group and a group of business angels, including FTX founder Sam Bankman-Fried and LinkedIn co-founder Reed Hoffman, participated in the Worldcoin $25 million investment round.
Also, according to insiders, at the beginning of last year, the startup sold $100 million worth of tokens with a total supply of $3 billion. However, the crypto winter and the collapse of large companies could shake the company’s fortunes.
“This is a bear market, a cryptocurrency winter. It is noteworthy that the project in this situation received such an amount of investment, ”said one of the sources.
The core product of Worldcoin is the World ID protocol, which is based on zero-knowledge proofs. With the help of development, it is possible to pass verification using biometric data without sacrificing anonymity.
Previously, Sam Altman offered to pay users for retinal scans.
Recall that in May the company released its own World App crypto wallet, which offers commission-free transfers for verified users. The app supports USDC and DAI stablecoins, as well as Ethereum (ETH), Worldcoin (WDC), and Wrapped Bitcoin (WBTC).
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
