ChatGPT boss closes $100m for Worldcoin project

[ad_1]

Cryptocurrency

The CEO of ChatGPT creator OpenAI is set to raise $100 million for his Worldcoin project.

Sam Altman founded Worldcoin – which scans eyeballs using orbs to confirm identity and aims to create a collectively owned and globally distributed cryptocurrency – with Alex Blania and Max Novendstern.

A previous Series A funding round was led by a16z and included Digital Currency Group, Coinbase Ventures, former FTX CEO Sam Bankman-Fried – facing a fraud lawsuit over the exchange collapse – and LinkedIn co-founder Reid Hoffman.

A Financial Times source claimed the funding would come from both existing and new investors.

Worldcoin recruits orb operators which are used to confirm the identity and capture the iris pattern of people looking at them. Once someone has done this, they can use the recently launched World App digital wallet to get Worldcoin tokens and send digital money anywhere, without gas charges.

The company says it is preparing to launch its blockchain protocol and start recording transactions within the next six weeks.

Despite the hype, there are barriers to AI adoption

Cryptocurrency Shorts

Crypto exchange Binance is pulling out of Canada as new stablecoin guidelines and investor limits provided to crypto exchanges make the Canadian market more viable for Binance for the time being.

Florida Governor Ron DeSantis has signed a new bill banning central bank digital currencies in the state, underscoring concerns about the potential use of CBDCs to control and surveil Americans.

A new global blockchain network for financial markets and institutional assets has arrived. According to a press release, the privacy-respecting Canton Network enables previously siled financial systems to be interoperable and synchronized in ways previously impossible, unlocking new efficiencies and innovations. Industry partners include Capgemini, Deloitte, IntellectEU, Microsoft and Umbrage, while BNP Paribas, Deutsche Brse Group, EquiLend and Goldman Sachs already use Canton.

In Crypto: Nexo ‘closes two UK subsidiaries’

Crypto prices

The aggregate market capitalization of the 24,100 coins is $1.14 trillion at the time of writing (8am UK), an increase of 1.5% in the past 24 hours, Bitcoin is on the rise. trading around $27,350.

For summaries of recent developments in cryptocurrency news, click here.

For valuations of the top 100 coins by market cap in US dollars, plus 24-hour price changes, see below.

[ad_2]