OpenAI’s Chief Executive Officer, Sam Altman, has highlighted his plans for Worldcoin, a cryptocurrency venture to establish a worldwide identity and a financial network. This project, led by Tools For Humanity, has gained significant attention amid reports indicating its pursuit of a substantial investment of $50 million.

According to Altman’s remarks during a virtual Q&A hosted by FT Partners, as reported by The Business Times, identifying users in an AI-dominated world is increasingly relevant.

Over 2.6 million people have reportedly consented to scan irises using Worldcoin’s “orb” devices. This project offers digital IDs and cryptocurrency rewards in exchange for participation.

Funding Endeavors and Project Strategy

Reports suggest that Tools For Humanity actively seeks a substantial investment of $50 million to bolster Worldcoin’s development further. The company’s strategy involves selling crypto tokens at a discounted rate to entice potential investors.

Expect ongoing updates as this story evolves…

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