Sam Altman, CEO of OpenAI and founder of Worldcoin, is in advanced talks to raise $100 million for the latter's crypto venture. Worldcoin, established in 2019, has been creating a collection of cryptocurrency products. World App, the crypto wallet of the Worldcoin ecosystem unveiled on Monday, allows users to authenticate their identities with World ID, transmit and acquire Worldcoin and other digital resources. The ultimate vision of the Worldcoin project is to bring biometric authentication common in banking applications, to the world of crypto. To do this, the organization has constructed an imaging instrument dubbed the Orb. It confirms humanness while the data is being stored on the Polygon network independent of other user identifiers. The influx of funds to Tools for Humanity, who manages the project, arrives when the company is ramping up the launch of their new products.
Dorothy Reyes
- 2023-05-14
Worldcoin Crypto Project Raises $100M
Worldcoin, the crypto venture established in 2019, is in advanced talks to raise $100 million for its project. World App, the crypto wallet, offers biometric authentication common in banking applications to the world of crypto.
