Sam Altman’s cryptocurrency project, Worldcoin, has recently seen major success with its $115 million raise. Worldcoin is a three-part initiative intended to create a global ID, currency, and app that allows for payment with its token, along with other cryptocurrencies and traditional assets.
The mission has received a lot of attention due to its necessity for scanning a billion people’s eyeballs in order to be eligible for the token. In response to privacy concerns, Blockchain Capital’s Spencer Bogart has reassured those wary of the biometrics, assuring that the orb used for the scan immediately destroys the original biometric and only collects a unique encoding of the iris.
This round was led by Blockchain Capital, with other investors such as a16z, Bain Capital Crypto, and Distributed Global. Since its launch in 2022, Worldcoin has grown to a $3 billion valuation and has onboarded two million users across five continents.
The money from the raise is being used for research, development, and an expansion of the Worldcoin project, which is currently in its beta testing phase. A grand vision for the platform is to create a more equitable global economy driven by the internet, something crypto assets haven’t achieved in the past.
In other news, following in Celsius Network’s bankruptcy process, Arrington Capital-backed group, Fahrenheit, is set to acquire its assets. Celsius, a crypto lending platform, came under fire after reports of mismanagement and insolvency.
Wolf’s Clothing, an accelerator headed by Stone Ridge, has also recently launched its first cohort, Wolfpack 1, and introduced 23 founders from 10 countries with 8 team projects.
Mastercard has voiced its potential for blockchain technology, praising its safety and convenience, though implementation is still being tweaked.
Finally, Solana has just launched its newest plug-in, ChatGPT, which leverages artificial intelligence in order to interact with the network.
Chainlink Co-Founder Sergey Nazarov has also expressed his long-term vision, which centers around creating an efficient, trustworthy, and trustworthy data network. Chainlink is a web3 services platform that quickly enables decentralized projects to realize their potential. Nazarov, before his Chainlink stint, founded SmartContract, which also focused on smart contracts.
With so much happening in the crypto landscape, it’s safe to say that the future of cryptocurrency is bright and that there’s potential for amazing projects ahead.
