The boss behind ChatGPT wants to secure US$100 million in funding for startup Worldcoin and its ambitious project to create a collectively owned cryptocurrency. According to information released by Bloomberg and the Financial Times, the funds will come from a combination of new and existing investors.
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Worldcoin, founded in 2020 by Alex Blania, Sam Altman and Max Novendstern, seeks to resolve issues related to artificial intelligence by developing an innovative blockchain protocol.
Even at a low point, cryptocurrencies are still on the minds of the sector's top hats
The project has already received significant investments from renowned companies and industry figures, including a16z, Digital Currency Group, Coinbase Ventures, Sam Bankman Fried (former CEO of FTX) and Reid Hoffman (co-founder of LinkedIn).
The US$100 million financing, if completed, will be an important milestone for Worldcoin, especially considering the current crypto market scenario, which has been characterized by a bearish period.
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But, after all, what is Worldcoin all about?
Worldcoin's goal is to create a cryptocurrency that is collectively owned and distributed globally, offering an alternative to traditional currencies. The startup team is currently focused on developing the blockchain protocol and quickly recording transactions.
With funding secured, Worldcoin will be able to accelerate the development of its project and move towards implementing its vision of a globally accessible cryptocurrency owned by everyone.
In the video published on Twitter you can get an idea of how the platform works:
It is worth mentioning that Altman gained notoriety in the tech scene after the explosion in popularity of ChatGPT, the most successful product of OpenAI, the company he commands. The executive is considered by many to be a visionary, and, in addition to seeking investments for his own businesses, he also invests in other startups.
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