OpenAI CEO in Talks for $100M Worldcoin Funding
• OpenAI CEO Sam Altman is reportedly in advanced talks to secure $100 million in funding for the Worldcoin project through a private token sale.
• Worldcoin recently launched a gas-free crypto wallet and is preparing to launch its blockchain protocol within six weeks.
• The proposed $100 million funding will be sourced from a mix of new and existing investors, including Andreessen Horowitz, Digital Currency Group, Coinbase Ventures, former FTX CEO Sam Bankman-Fried, and LinkedIn co-founder Reid Hoffman.
OpenAI CEO Reportedly Seeking Funding for Worldcoin Project
OpenAI CEO Sam Altman is reportedly in advanced talks to secure $100 million in funding for the Worldcoin project through a private token sale. The proposed funding will be sourced from a mix of new and existing investors, including Andreessen Horowitz (a16z), Digital Currency Group, Coinbase Ventures, former FTX CEO Sam Bankman-Fried, and LinkedIn co-founder Reid Hoffman.
Worldcoin Launches Gas-Free Crypto Wallet
In preparation for launching its blockchain protocol within six weeks, Worldcoin recently launched a gas-free crypto wallet for verified humans on May 8th 2023. Tiago Sada from the Worldcoin team said that the wallet was launched to provide an alternative focused on simplicity.
Aim of Project
The aim of the project is to “tackle two problems” raised by the growing complexity of artificial intelligence when it was co-founded back in 2020 by Altman, Alex Blania, and Max Novendstern.
Investors Involved
The various investors involved have helped fund Series A round including Andreessen Horowitz (a16z), Digital Currency Group, Coinbase Ventures, former FTX CEO Sam Bankman-Fried and LinkedIn co-founder Reid Hoffman among others.
Conclusion
With its innovative approach towards tackling issues with AI complexity as well as launching its own blockchain protocol soon enough with support from major industry players like Andreessen Horowitz (a16z), Digital Currency Group etc., it will be interesting to see what lies ahead for WorldCoin in future!