Sam Altman, the CEO of OpenAI, has reaffirmed his commitment to the Worldcoin cryptocurrency project amid reports that Tools For Humanity, the company behind it, was actively seeking a $50 million funding round.
Worldcoin Global Vision
Altman emphasized the project’s goal of establishing a global identity and financial network. Over 2.6 million individuals have registered to undergo iris scans using Worldcoin’s “orb” devices, receiving a digital ID and complimentary cryptocurrency in return.
Altman’s statements were made during a virtual Q&A session hosted by FT Partners, a fintech-focused investment bank. The discussion took place a week after The Block, a crypto news outlet, disclosed the funding efforts by Tools For Humanity.
Human Identification in the Age of AI
Altman highlighted the increasing significance of identifying humans in a world dominated by artificial intelligence. He noted that as AI plays a more prominent role in our lives, the ability to distinguish unique individuals becomes crucial. The Worldcoin project aligns with this vision, aiming to address the growing importance of human identification in the era of advancing AI technologies.
Notably, Worldcoin, launched in July, has attracted regulatory scrutiny in various jurisdictions, including the United Kingdom and Germany. The company had previously secured $115 million in a Series C funding round led by Blockchain Capital, with participation from a16z crypto and Bain Capital Crypto. A spokesperson for Worldcoin has yet to respond to requests for comments regarding The Block’s funding report.
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