Amidst reports that OpenAI’s CEO Sam Altman’s affiliated cryptocurrency project ‘Worldcoin’ was seeking $50 million in funding, he reaffirmed his commitment to the ambitious venture during a FT Partners’ virtual Q&A. The initiative, launched in July, seeks to create a universal network of identity and finance, accumulating roughly 2.6 million people validating their iris scan with Worldcoin’s “orb” devices in exchange for digital I.D. and cryptocurrency. Altman addressed these recent events, unveiling his motivation for the project and coining the need to “identify unique humans more and more as AI becomes embedded in our lives”.
The firm has granted it’s concept attention from watchdogging organizations in the U.K. and Germany, with prefix funds panning out at a $115 millionearmarkfrom well-recognized entities including Blockchain Capital, a16z crypto, and Bain Capital Crypto. Altman trusts that the apprehensions of benzmetrist struggle and baiting expenses of productionmodulesare transient permalinks, graphizing Time isof theirsine defianceofthe situation.
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