OpenAI CEO’s Worldcoin Raises $115M in Series C Funding
• Worldcoin, the crypto project co-founded by Sam Altcoin, the CEO of OpenAI, has successfully concluded a Series C funding round and raised $115 million.
• Prominent investors such as Blockchain Capital, a16z, Bain Capital Crypto, and Distributed Global participated in the funding round.
• Worldcoin will use the raised capital to advance the development of its World App, a crypto wallet application designed for its ecosystem.
OpenAI CEO Raises $115 Million in Series C Funding Round
OpenAI CEO Sam Altcoin has led his cryptocurrency project Worldcoin to success with its Series C funding round raising $115 million. This investment comes at a time when market conditions are challenging but it has nonetheless attracted prominent investors such as Blockchain Capital, a16z, Bain Capital Crypto and Distributed Global.
World App Development
The raised money will be used to advance development of the World App which is a cryptocurrency wallet application designed for their ecosystem. The company also plans to explore innovative applications including collaboration with Optimism.
Growing User Base
Although there has been no official announcement about token release date yet, it already boasts 1.7 million users globally despite technical limitations on its eye scan identity verification process using retinal scanning devices .
Misconception About Worldcoin
Despite some misconceptions regarding security breach issues due to trading of user information from Cambodia and Africa for prices as low as $30 per account – Blockchain Capital have invested in this project out of confidence that founders Alex Blania and Sam Altcoin have what it takes to scale up privacy-preserving identity protocols for internet use .
This successful funding round will definitely bring significant recognition to both Sam Altcoin and OpenAI in the technology and crypto communities worldwide. It is expected that with this new influx of funds , we can expect further developments from the open source software technology company – Open AI – in near future .