CEO Sam Altman of OpenAI has reaffirmed his commitment to the cryptocurrency endeavor, Worldcoin, amidst reports that the company was seeking $50 million in funding, according to a Reuters report.
Worldcoin seeks to establish a worldwide network for both identity verification and financial transactions. Over 2.6 million individuals have volunteered for iris scans through Worldcoin’s “orb” devices, receiving digital IDs and cryptocurrency in return.
Altman participated in a virtual Q&A session hosted by fintech-focused investment bank FT Partners. This occurred a week after reports from The Block revealed Tools For Humanity, the entity behind Worldcoin, was seeking $50 million in investment by selling discounted crypto tokens.
During the session, OpenAI CEO Sam Altman highlighted the increasing significance of distinguishing humans in a world heavily influenced by AI. He emphasized that as AI integrates further into our lives, the identification of unique individuals grows in importance.
Worldcoin’s spokesperson did not initially respond to The Block’s report. Previously, the company secured $115 million in a Series C funding round, with Blockchain Capital, a16z crypto, and Bain Capital Crypto as lead investors.
Following its launch in July, regulatory bodies in countries like the United Kingdom and Germany have expressed interest in investigating Worldcoin.
