Cryptocurrency

Sam Altman’s Worldcoin raises $115M in Series C round

Sam Altman has successfully raised $115 million in Worldcoin’s Series C funding round. Reuters Report on May 25.

Blockchain Capital led the funding, with Andreessen Horowitz, Bain Capital Crypto and Distributed Global also participating in the round.

OpenAI CEO launches Worldcoin in 2021 with ambitious goal of distributing cryptocurrency to everyone on the planet (Excluding US Residents) “just for being a unique individual.”

However, the project is controversial because it relies on a proprietary device that scans an individual’s iris to confirm their identity. Once the identity verification is completed, the tokens will be distributed free of charge.project team I will explain It claims to be a new way to verify uniqueness while preserving privacy, discarding iris scans.

However, not everyone is convinced. Notably, Edward Snowden, a former US intelligence contractor and prominent privacy advocate, criticized the concept. “Don’t catalog your eyeballs,” he says. tweeted In response to Altman’s tweet introducing the 2021 project but questioning its integrity.

The funding comes at a pivotal time for the cryptocurrency industry, which is still recovering from the brutal recession and series of implosion that marked 2022.

Altman, who is also the CEO of OpenAI, the company behind ChatGPT, is a prominent figure in the AI ​​space. On May 16, he headlined: testify He told a U.S. Senate subcommittee that AI technology has reached a stage requiring government oversight to ensure responsible development.

Sam Altman’s article Worldcoin Raises $115 Million in Series C Round first appeared on CryptoSlate.

Related Articles

Back to top button