Sam Altman, the CEO of OpenAI, is currently in the midst of advanced discussions to raise $100 million for the Worldcoin project. Worldcoin is a cryptocurrency that is intended to establish a collectively owned, globally distributed network. Participating in the funding mission are both previous and current financial backers, including Digital Currency Group, Coinbase Ventures and Reid Hoffman. Reportedly, even amidst the crypto winter, the potential new capital is a significant investment.

The project, spearheaded by Alex Blania, Sam Altman and Max Novendstern, was first established in 2020. It is focused on finding solutions to the increasing complexity associated with Artificial Intelligence. Worldcoin will soon be rolling out its blockchain protocol and begin tracking transactions within the next six weeks. Recently, the group launched a gas-free crypto wallet for verified users. Tiago Sada, a Worldcoin team member, explained that the aim of the wallet is to provide an easily accessible alternative.

As the company prepares for a highly anticipated launch, the bullish attitudes of investors suggest that the project is both secure and of a high merit. Of course, the success of Worldcoin really hinges on its ability to remain operative across the board, from developers to users. This is a platform with a lot of promise, and if properly utilized, the applications of a collective cryptocurrency could truly revolutionize the industry.



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