• OpenAI CEO Sam Altman is reportedly in advanced talks to secure $100 million 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 the next six weeks.
• The project aims to “tackle two problems” raised by the growing complexity of artificial intelligence.
OpenAI CEO Holds Talks For Funding Of Worldcoin Project
OpenAI CEO Sam Altman is reportedly in advanced talks to secure $100 million for the Worldcoin project through a private token sale. Co-founded by Altman, Alex Blania, and Max Novendstern in 2020, the project aims to “tackle two problems” raised by the growing complexity of artificial intelligence.
Worldcoin Launches Gas-Free Crypto Wallet
Worldcoin recently launched its own gas-free crypto wallet for verified humans on May 8, 2023. Tiago Sada, a Worldcoin team member said that the wallet was launched so “there is an alternative wallet that is focused just on simplicity.”
Preparations For Launch Of Blockchain Protocol
Currently, Worldcoin is preparing to launch its blockchain protocol within the next six weeks. Besides having a blockchain, Worldcoin also aims at creating a collectively owned and globally distributed cryptocurrency.
Funding To Be Sourced From A Mix Of New And Existing Investors
According to a source familiar with the project, the proposed $100 million funding will be sourced from a mix of new and existing investors who participated in Series A funding round led by venture firm Andreessen Horowitz (a16z) along with Digital Currency Group, Coinbase Ventures, former FTX CEO Sam Bankman-Fried and LinkedIn co-founder Reid Hoffman when it was initially launched.
OpenAI CEO Sam Altman has reportedly entered into advanced talks for securing funding for his startup’s ambitious Worldcoin project through private token sale worth $100 million sourced from both new and existing investors. With recent launch of gas-free crypto wallet as well as preparations underway for launching its blockchain protocol soon enough; it will be interesting to see how this project turns out in near future in terms of tackling two major issues surrounding AI complexity successfully or not!