While expectations for the future of cryptocurrencies are rising, many projects continue to raise millions of dollars in funds.
In this context, OpenAI Chief Executive Officer Sam Altman announced that he has raised $115 million in a Series C funding round for the Worldcoin project, a cryptocurrency project he co-founded.
According to Reuters, the funding round was completed under the leadership of Blockchain Capital with the participation of Tools for Humanity, a16z, Bain Capital Crypto and Distributed Global.
The Worldcoin project, which is currently in beta, aims to distribute a token to people simply because they are a unique individual.
According to the company, the project has already recruited about 2 million people.
It was stated that the capital raised in the Series C funding round will help accelerate research, development and growth efforts on the Worldcoin project and World App, the first crypto wallet for the Worldcoin ecosystem.
Alex Blani, CEO and co-founder of Tools for Humanity and Worldcoin, said in a statement:
“As we enter the age of artificial intelligence, it is imperative that individuals be able to protect their personal privacy while proving their humanity.
With the project, we can help make sure everyone realizes the financial benefits AI is ready to deliver."
The San Francisco-based company Tools for Humanity, Alex Blania, the lead developer of the Worldcoin project, was co-founded by Max Novendstern and Sam Altman, CEO of ChatGPT developer OpenAI.
*Not investment advice.
