OpenAI signs deal to secure $100M in crypto investment for Worldcoin OpenAI has finalized a deal to negotiate funding of $100 million for Worldcoin to secure their crypto investment. The project aims to launch a collectively owned cryptocurrency that separates people with artificial intelligence. According to Financial Times, the funds will be received from “existing and new investors.
Sam Altman, CEO of OpenAI, stated that artificial intelligence will play a crucial role in the development of the Worldcoin cryptocurrency. Through this technology, they can ultimately bring forth a fair and autonomous collective cryptocurrency that will not be subject to human influence.
The company Worldcoin, which creates cryptocurrency wallets, has raised $25 million in funding.
The company Worldcoin, which creates cryptocurrency wallets, has raised $25 million in funding. With sufficient funds, all accounts have the potential to participate in a big new funding round for the cryptocurrency market. Some crypto projects have recently been successful in raising this amount of investment.
This type of funding is not new for Worldcoin. Shortly after its establishment, it received a Series A funding round led by a16z. Other investors such as CoinBase Ventures, Digital Currency Group, and LinkedIn co-founder Reid Hoffman also decided to participate in it.
Last March, Information reported that the company raised $100 million through a private token sale by citing two internal sources.
Last week, Worldcoin launched a gas-free crypto wallet called “World App”
“Last week, Worldcoin launched a gas-free crypto wallet called “World App”. This wallet is compatible with both Android and iOS platforms. By using this wallet, users will no longer have to deal with gas fees to transfer their cryptocurrencies.
To sign up for this wallet, the user will need to provide an iris scan or phone number and register for a global ID. This wallet keeps the user’s personal data secure and ensures their privacy. Worldcoin does not have access to the user’s personal data, thus protecting their privacy. In addition, transactions can also be made free of charge using this wallet, but a World ID is required for this.