Sam Altman’s WorldCoin to receive funding of $100 million soon.

ChatGPT has made the world aware of artificial intelligence since last November. Most leading firms to small startups are now accepting this technology for their efficient functioning. Now, we might think after successfully launching this technology what founder of ChatGPT up to? As per recent sources, Sam Altman is now looking forward to disrupting the market of the Crypto Industry.

Worldcoin, a project which was founded in 2019 by Altman and Alex Blania is close to acquiring $ 100 million in funding. Aimed at creating globally distributed Cryptocurrency, it is expected to launch in the next few weeks.

The Investors in the company are Khosla Ventures, Andreessen Horowitz’s Crypto fund, and FTX founder Sam Altman Bankman-  Fried even Internet Entrepreneur Reid Hoffman.

As per the company, Its key plan is coming up with a platform, which uses iris biometrics in order to establish the unique personhood of an individual, which can then create a World ID to be used pseudonymously for everyday applications at the same time by not revealing user’s identity.

Last week, WorldCoin even launched WorldApp, which also had a crypto wallet for some verified users on the application. The report in Financial Times stated that the company may start recording transactions in the upcoming six weeks.

Some experts said that it will be a remarkable project to get this amount of investment now.

- Kratika Agarwal 

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