- The company plans to release its token later this year.
- Previously, the firm introduced a digital ID and the World App.
OpenAI CEO and Worldcoin co-founder Sam Altman is in talks to raise an additional $100 million, the third major round of the company launched in 2020.
The magazine announced plans to raise funds FT with reference to their sources in the organization. It is assumed that $100 million will be received from both existing and new investors.
It is noteworthy that the startup is counting on a fairly large amount in an environment where the market has barely recovered from the crypto winter. This was also pointed out by one of the sources of the portal:
“This is a bear market. It is surprising that in such conditions, a startup is planning such a significant round.”
The list of organizations participating in the initiative is still unknown. The company held its previous round in February. Back then, Worldcoin managed to raise $120 million at a $3 billion valuation.
The startup itself was launched in 2020. Two years later, in March 2022, the company raised $100 million through a private token sale, but this information has never been confirmed.
FTX also took part in one of the rounds. The fate of these funds is unknown.
Startup Worldcoin aims to create a universal cryptocurrency with a digital ID. The company introduced a protocol for user verification through a retinal scanner in March. And last week, the organization released a branded application.
The launch of the platform token is expected later this year. It will be available in the app along with a pool of major crypto assets, including BTC and ETH.
