Altman is close to securing $100 million in funding for his crypto project Worldcoin
OpenAI’s ChatGPT has taken the world by storm. Since its launch in November last year, ChatGPT has brought forth the potential of generative artificial intelligence (AI). Most global tech firms are now adopting the technology, which may also lead to a sharp cut in personnel costs. After AI, OpenAI boss Sam Altman is now eyeing to disrupt the crypto industry.
According to a report by The Financial Times (FT), Altman is close to securing $100 million in funding for Worldcoin, a project aimed at creating a globally distributed cryptocurrency using iris-scanning technology.
Founded by Sam Altman and Alex Blania in 2019, Worldcoin is expected to launch in a few weeks.
The list of investors in the company includes names like Khosla Ventures, Andreessen Horowitz’s crypto fund, FTX founder Sam Bankman-Fried and internet entrepreneur Reid Hoffman.
The company aims to use eyeball-scanning technology to create a global identification system, which can be used to gain access to its own global currency, Worldcoin. According to the company, its key plan is to come up with a platform that “uses iris biometrics to establish an individual’s unique personhood, then creates a digital World ID that can be used pseudonymously in a wide variety of everyday applications without revealing the user’s identity.”
Read More: https://www.business-standard.com/markets/cryptocurrency/after-chatgpt-sam-altman-eyes-to-disrupt-crypto-world-through-worldcoin-123051500151_1.html
