- The company plans to release its token later this year
- The firm previously unveiled a digital ID and World App
OpenAI CEO and Worldcoin co-founder Sam Altman is in talks to raise an additional $100 million. This is the third major round of the company, launched in 2020.
The fundraising plans were reported by FT magazine, citing its sources in the organization. The $100 million is expected to come from both existing and new investors.
It’s noteworthy that the startup is counting on a fairly large sum at a time when the market has barely recovered from the crypto-zima. One of the portal’s sources also pointed this out:
“This is a bear market.. It’s surprising that a startup is planning such a significant round in this environment.”
The list of organizations involved in the initiative is not yet known. The previous round was held by the company in February. At the time, Worldcoin managed to raise $120 million at a valuation of $3 billion.
The startup itself was launched in 2020. Two years later, in March 2022, the company raised $100 million through a private sale of tokens, but this information was never confirmed.
Also in one of the rounds participated FTX. The fate of these funds is unknown. The Worldcoin startup aims to create a universal cryptocurrency with a digital ID.
The company introduced a protocol for user verification via a retinal scanner in March. And last week, the organization released a branded app.
The launch of the site’s token is expected later this year. It will be available in the app along with a pool of major cryptoassets, including BTC and ETH.
It will be available in the app.