Sam Altman, the CEO of OpenAI, has reiterated his commitment to the cryptocurrency project Worldcoin despite recent reports about the company’s $50 million funding campaign. Worldcoin’s objective is to establish a global identity and financial network, with over 2.6 million individuals already signing up to receive a digital ID and free cryptocurrency by undergoing iris scanning through Worldcoin’s orb devices.
During a virtual Q&A session organized by fintech-focused investment bank FT Partners, Altman addressed these developments, which came to light a week after news outlet The Block disclosed Tools For Humanity’s fundraising efforts for Worldcoin. The project’s crypto tokens are being sold at a discounted rate to generate funds.
Altman emphasized the increasing importance of distinguishing between humans and AI in a world where AI plays a significant role. He believes that the ability to identify unique individuals will become even more crucial as AI continues to advance further in our lives.
When contacted by The Block for comment, Worldcoin did not respond. Previously, the company secured $115 million in a Series C funding round, with leading investors including Blockchain Capital, a16z crypto, and Bain Capital Crypto.
Since its launch in July, Worldcoin has attracted the attention of regulators in the United Kingdom and Germany, who have expressed interest in investigating the project further.
In conclusion, Altman’s reaffirmation of his commitment to Worldcoin despite the funding reports highlights his belief in the project’s potential. With a strong focus on the development of a global identity and financial network, Worldcoin has garnered significant interest from individuals while also facing scrutiny from regulatory bodies.
