OpenAI CEO Sam Altman Raises $115 Million for Worldcoin, Backed by Prominent Investors

OpenAI Chief Executive Sam Altman has raised $115 million in a Series C funding round led by Blockchain Capital for a cryptocurrency project he co-founded.

The project, Worldcoin, aims to distribute a crypto token to people "just for being a unique individual". The project uses a device to scan irises to confirm their identity, after which they are given the tokens for free.

What is worldcoin?

Worldcoin claims on their website that the are building the world’s largest identity and financial network as a public utility, giving ownership to everyone. They aim to create universal access to the global economy regardless of country or background, accelerating the transition to an economic future that welcomes and benefits every person on the planet.