ChatGPT founder scores funding for Crypto Project

More than 1.5m people have already signed up, with the launch expected to take place in the coming weeks according to Worldcoin’s website.

Sam Altman, the chief executive of OpenAI, a leading artificial intelligence research and deployment company responsible for ChatGPT, has raised $115m in a series 3 funding round led by Blockchain Capital for his cryptocurrency project Worldcoin.

Investors 16z crypto, Bain Capital Crypto, and Distributed Global also participated in Worldcoin's latest fundraising round.

The project aims to distribute crypto tokens to people for just being a unique individual.

Worldcoin will use a device it has dubbed the “chrome orb” to scan peoples irises to confirm their identity and then issue tokens to the user for no charge.

More than 1.5m people have already signed up for the project with the launch expected to take place in the coming weeks according to Worldcoin’s website, despite it being unavailable in the US.

The project has faced criticism, due to perceived security risks, with famous US security whistle-blower Edward Snowden tweeting “Don't catalogue eyeballs” back in 2021.

Altman wrote in a blog post in 2021 about the project that “nothing like this has ever been done before and the outcome is uncertain.

“But, we are obsessed with the idea that revolutionary new technologies like blockchain and cryptography can let us do something collectively that even governments have not been able to: increase individual empowerment and equality of opportunity on a global scale.”

Worldcoin is an open-source protocol, supported by a global community of developers, individuals, economists and technologists committed to expanding participation in, and access to, the global economy, according to its website.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.

Similar News