OpenAI founder is in talks to raise $100M ahead of the launch of the Worldcoin blockchain protocol
Reportedly Sam Altman is in talks to collect funds from old & new investors for his crypto project “World Coin”.
Samuel Harris Altman (Sam Altman) is an American entrepreneur, investor, and programmer. He is the current CEO of OpenAI, a company that is popular for its high-class AI chatbot ChatGPT. Altman is also one of the co-founders of the World coin project. The World coin project aimed to create a collectively owned and globally distributed cryptocurrency.
On 15 May 2023, The FT reported that some sources close to the World Coin project disclosed that Altman is in advanced talks to raise an additional $100 million from old & new investors.
In the past, Digital Currency Group and Coinbase Ventures as well as former FTX CEO Sam Bankman-Fried (SBF) and LinkedIn co-founder Reid Hoffman invested in this project.
Earlier this Worldcoin project raised $100 million from the big Investors at valued the total supply of the Worldcoin tokens at $3 billion.
Earlier on 13 May, The World Coin team announced the successful launch of WorldApp, a Worldcoin mobile wallet.
The majority of the crypto enthusiasts noted that the crypto market is currently going through a winter phase but still, this crypto project grabbed huge popularity while doing work without any hype or official announcement.
People noted that the Worldcoin project aimed to use Iris scanner technology to verify the identity of the Worldcoin holders & further it will provide a global I’d verification system via a blockchain network.
No doubt that the Worldcoin crypto project seems promising with better use cases but recently TechCrunch reported that some bad actors succeeded to install malware on the Worldcoin Orb operators’ devices.
Injected malware are able to steal several data of the users like login details & credentials saved in the browser.
Read also: Japan addresses North Korea’s crypto hacking & Missile funding efforts
