Sam Altman, the chief executive officer of OpenAI, co-founded a cryptocurrency business that has acquired further funds to advance its goal of giving everyone on the globe a digital ID.
We have previously reported that Altman was looking to raise 100 million for the organization behind the Worldcoin cryptocurrency initiative, Tools for Humanity, for which he is a co-founder.
On Thursday, it was reported that it had secured $115 million from investors. The business wants to identify each live individual uniquely by scanning their eyes through a tiny orb-shaped scanning gadget that uses blockchain to create distinctive digital identities by reading a user’s irises.
Along with the crypto team from Andreessen Horowitz, Bain Capital Crypto, and Distributed Global, Blockchain Capital led the Series C fundraising round.