• OpenAI CEO Sam Altcoin co-founded Worldcoin and has raised $115 million in Series C funding.
• The capital will be used to develop the World App, a crypto wallet application.
• Despite technical limitations, Worldcoin has already accumulated a user base of 1.7 million globally.
OpenAI Co-Founder Raises $115 Million for Cryptocurrency Project
OpenAI co-founder Sam Altcoin has successfully concluded a Series C funding round for his cryptocurrency project, Worldcoin, raising $115 million. Notable investors such as Blockchain Capital, a16z, Bain Capital Crypto and Distributed Global participated in the round.
Worldcoin Aiming to Develop Crypto Wallet App
The investment will be used to advance the development of the World App, a crypto wallet application designed for the project’s ecosystem. Additionally, the company aims to explore and create innovative applications with Optimism collaboration.
Unique User Identification Process Involving Retinal Scanning
One unique feature of Worldcoin is its user identification process involving retinal scanning using a specialized device. This process is gaining attention due to its advanced security features compared to other digital authentication methods.
Growing Popularity Despite Technical Limitations
Despite some technical limitations that have hindered its desired coverage of Worldcoin’s eye scan identity verification, it has still managed to gain momentum following the success of OpenAI and ChatGPT projects bringing significant recognition to Sam Altcoin in both tech and crypto communities worldwide. As of now, there are 1.7 million users globally who have signed up with WorldCoin platform despite its limited token release date not yet announced officially by the team.
China Trading Verified User Information from Cambodia & Africa
In addition to this success story behind Sam Altcoin’s cryptocurrency project, there is an emerging market in China where verified user information from Cambodia and Africa is being traded at just $30 per account which could be seen as another indicator for growing popularity of this project among investors around the globe .