Sam Altman, CEO of OpenAI, has reaffirmed his commitment to the Worldcoin cryptocurrency project, amid recent efforts to secure additional funding. The company behind Worldcoin, Tools For Humanity, is reportedly seeking $50 million from investors by offering the project’s tokens at a discounted price. The news comes after more than 2.6 million individuals signed up to receive free digital IDs and cryptocurrency in exchange for scanning their irises with Worldcoin’s “orb” devices.
In a virtual Q&A session on Thursday, hosted by fintech-focused investment bank FT Partners, Altman emphasized the growing importance of AI technology and the importance of human identity verification In this context. “In a world with so much AI, knowing who is human is increasingly important,” Altman said, emphasizing the need to distinguish unique users as AI becomes more integrated into everyday life.
This initiative aims to establish a global financial network and identity. However, a Worldcoin spokesperson did not immediately respond to questions regarding The Block’s funding report.
Previously, Worldcoin successfully raised $115 million in a Series C funding round. This round included prominent investors such as Blockchain Capital, a16z cryptocurrency, and Bain Capital Crypto. The project, launched in July, has attracted the attention of regulators in multiple countries, including the UK and Germany, who are currently examining the cryptocurrency.
The Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, November 16, 2023 had the participation of Mr. Altman, showing his active role in discuss and promote technological advancement on global stages. As Worldcoin continues to expand its user base and secure additional funding, the project remains under scrutiny from both investors and regulators.
Reuters contributed to this article.
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