Sam Altman, the head of OpenAI, is reportedly in advanced discussions to secure 100 million USD in funding for Worldcoin, a project aimed at creating a collectively owned and globally distributed cryptocurrency.

The Financial Times reported on May 15th that the funds will come from both new and existing investors. Worldcoin previously raised funds through a Series A funding round led by a16z, with participation from Digital Currency Group, Coinbase Ventures, Sam Bankman-Fried, and Reid Hoffman. In March 2022, a report by The Information stated that the company was raising 100 million from investors through a private token sale USD.

Worldcoin, founded by Alex Blania, Altman, and Max Novendstern in early 2020, aims to address two problems associated with the increasing complexity of artificial intelligence. The company is set to launch its blockchain protocol and start recording transactions in the next six weeks, after operating in beta.

On the 8th of May, Worldcoin released its gas-free crypto wallet designed for verified humans, which offers a more straightforward alternative to other wallets.

Sources:

https://www.investing.com/news/cryptocurrency-news/openai-ceo-in-advanced-talks-for-100m-worldcoin-funding-report-3081958

https://cointelegraph.com/news/worldcoin-advanced-talks-100-m-funding

https://biz.crast.net/openai-ceo-in-advanced-talks-for-100m-worldcoin-funding-report-cointelegraph/

https://www.benzinga.com/markets/cryptocurrency/23/05/32382607/chatgpt-boss-worldcoin-reportedly-eyes-100m-funding-for-eyeball-scanning-crypto-project