OpenAI CEO in Advanced Talks for $100M Worldcoin Funding: Report

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OpenAI boss Sam Altman is reportedly in advanced talks to secure $100 million in funding for Worldcoin, a project to create a collectively owned and globally distributed cryptocurrency.

A Financial Times report published on May 15 cited sources with knowledge of Worldcoins funding talks, indicating that the $100 million will come from a mix of existing and new investors.

When first revealed to the world, the startup boasted a Series A funding round led by a16z, with investors that also included Digital Currency Group, Coinbase Ventures as well as the former CEO of FTX, Sam Bankman-Fried, and LinkedIn co-founder Reid Hoffman.

In March 2022, a report by The Information claimed that the company was raising $100 million from investors through a private token sale, citing two people with knowledge of the matter.

In the most recent report, a person familiar with the matter said the potential new funding was significant given the extended crypto winter.

It’s a bear market, a crypto winter. It’s remarkable for a project in this space to get this amount of investment, the source said.

Cointelegraph contacted Worldcoin but did not receive an immediate response.

Related: Aleph Zero Launches $50M Ecosystem Funding Program

Co-founded by Alex Blania, Sam Altman and Max Novendstern, work on the Worldcoin project began in early 2020.

According to Worldcoin executives, the aim of the project is to tackle two issues raised by the growing complexity of artificial intelligence.

Meanwhile, Worldcoin is gearing up to launch its blockchain protocol and start recording transactions within the next six weeks, after running in beta.

On May 8, Worldcoin launched its own gasless crypto wallet for verified humans.

Tiago Sada, a member of the Worldcoin team, previously told Cointelegraph that the wallet had launched. So there is an alternative wallet that is all about simplicity.

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