Sam Altman, the chief executive of OpenAI, is currently engaged in conversations regarding a substantial $100 million funding round for Worldcoin.
In Brief
Individuals with knowledge of the situation mention that both current and new investors will participate in contributing a total of $100 million towards the initiative.
According to a report by Bloomberg, OpenAI Insider sources confirm that Sam Altman is in crucial discussions to secure $100 million for Worldcoin. This project aspires to create a cryptocurrency that is globally distributed and collectively owned.
A report by the Financial Times cites sources with knowledge of Worldcoin Sources indicate that this funding will come from a combination of both established and emerging investors, according to Altman's discussions.
The first glimpse of this startup was shared with the public in 2017, when it was backed by a Series A investment led by significant figures in tech. a16z , with other investors including Digital Currency Group , Coinbase Ventures , and former FTX CEO Sam Bankman Fried This initiative also counts LinkedIn's co-founder, Reid Hoffman, among its early supporters.
uk uz Back in March 2022, the company reached out to investors asking them to partake in a $100 million private token sale.
One insider shared that the new funding is notable, especially given the current circumstances of a protracted crypto winter. They remarked, 'In this bear market, securing such an investment for a project in the crypto sector is quite extraordinary.'
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vi vi , Search Search Hack Seasons Worldcoin's team aims to tackle some complexities in artificial intelligence development, a sentiment echoed by the company's executives.
Worldcoin is making strides in developing its blockchain protocol, working to record transactions swiftly after completing its beta phase. On May 8, the project rolled out its gas-free crypto wallet specifically designed for verified individuals, simplifying the user experience markedly.
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