Worldcoin wants to launch a new cryptocurrency that people would receive in exchange of scans of their irises.
Highlights
- Sam Altman is set to raise $100 million for his crypto project Worldcoin, according to the Financial Times.
- The start-up wants to give people cryptocurrency in exchange for scans of their eyes.
- It’s in advanced talks to raise the cash from both new and existing investors ahead of a potential launch within the next few weeks.
- Worldcoin pulled in $100m from investors last year through a token sale that valued the company at around $3 billion, a report says.
- The company has previously received backing from Andreessen Horowitz’s crypto fund, Coinbase’s VC arm, and FTX founder Sam Bankman-Fried.
- It didn’t immediately respond to Insider’s request for comment, sent outside normal working hours.
Read the original article
Coinbase responds to the SEC’s Wells notice | there’s 6.3million of us and this has only has 290k views?