- Worldcoin aims to “tackle two problems” raised by the growing complexity of artificial intelligence.
- Worldcoin is preparing to launch its blockchain protocol in six weeks after having been operating in beta.
- Worldcoin recently launched a gas-free crypto wallet.
According to a report from The Information, OpenAI CEO Sam Altman, who is also a co-founder of Worldcoin is in advanced talks to secure $100 million in funding for the Worldcoin project through a private token sale.
Worldcoin was co-founded in 2020 by Altman, Alex Blania, and Max Novendstern. According to the executives, the project aims to “tackle two problems” raised by the growing complexity of artificial intelligence.
Preparations for launching Worldcoin blockchain
Worldcoin launched its own gas-free crypto wallet for verified humans on May 8, 2023. Tiago Sada, a Worldcoin team member, talking to a popular media outlet said that the wallet was launched so “there is an alternative wallet that is focused just on simplicity.”
Currently, Worldcoin is preparing to launch its blockchain protocol. The team plans to launch the blockchain within the next six weeks.
Besides having a blockchain, Worldcoin also aims at creating a collectively owned and globally distributed cryptocurrency. According to a source familiar with the project, the proposed $100 million funding will be sourced from a mix of new and existing investors.
When Worldcoin was launched, the startup conducted a Series A funding round led by a16z among other investors that included Digital Currency Group, Coinbase Ventures, former FTX CEO Sam Bankman-Fried, and LinkedIn co-founder Reid Hoffman.
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OpenAI, the San Francisco-based artificial intelligence research and investment firm, is in advanced talks with Worldcoin, a leading provider of digital currency, to secure funding for its ambitious projects.
According to reports, OpenAI CEO Sam Altman is leading the negotiations with Worldcoin for a major investment that could go up to several hundred million dollars. The funds will be used to support the research and development of its various projects, from robotics to natural language understanding systems.
OpenAI, founded in late 2015, has already secured over $1 billion in funding from Facebook, Microsoft, Amazon, and other tech giants. It has also gained the attention of leading figures in the tech and AI space, including Elan Musk, Bill Gates, and Peter Thiel.
Worldcoin is a decentralized digital currency platform that enables users to buy, sell, and store digital currencies. It has gained wide recognition in the crypto community and has seen steady growth in its user base and market capitalization.
The potential deal with Worldcoin would have a significant impact on OpenAI’s future. With the new funding, the firm would be able to expand its research and development efforts and unlock more potentials from its artificial intelligence technology. It would also help it attract more investors and partners, as well as give its projects a much needed boost.
OpenAI and Worldcoin have not confirmed the deal yet and the talks are still in their early stages. However, it certainly looks like a promising partnership that could change the face of artificial intelligence and help OpenAI achieve its vision of an AI-powered world.