Sam Altman's crypto project Worldcoin, which aims to create a global identification system using iris scans to provide access to a free global currency, is close to raising around $100 million in funding. Worldcoin was founded in 2019 by Altman and Alex Blania but has kept a low profile compared to OpenAI. The company plans to use iris scanning orbs to establish individuals' digital identities which can then be used pseudonymously to receive free Worldcoin tokens. However, critics have raised privacy concerns about the biometric scanning and potential risks. Worldcoin claims the orbs will not store iris scans or harm users' eyes. The company is now gearing up to launch its blockchain protocol within the next six weeks.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
OpenAI’s Sam Altman nears $100mn funding for Worldcoin crypto project
-
Wechat scan to share
Recommended for you
-
‘We’re just scratching the surface’ of crypto and AI — Microsoft exec
The symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs.
-
Big miners pose a growing existential threat to Bitcoin
As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin's hash rate. That could become a problem for Bitcoin users in the near future.
-
Bybit’s Notcoin listing debacle, China firm’s profits up 12-fold after crypto buy: Asia Express
Bybit CEO apologises for Notcoin listing woes, Hong Kong crypto ETFs dissapoint, China firm's profits surge 1100% after crypto buy
-
Is onboarding too hard? Crypto adoption still faces major obstacles
Progress has been made in streamlining the Web3 onboarding process, but the flood of mainstream users has not yet arrived.
-
WSJ: GPU cloud computing platform CoreWeave raises $7.5 billion to promote artificial intelligence computing
CoreWeave, an artificial intelligence cloud computing startup supported by Nvidia, has raised $7.5 billion from investors including BNY Mellon, KKR, and BlackRock. This financing is one of the largest private debt financings ever. Just two weeks ago, CoreWeave completed a $1.1 billion equity financing round with a valuation of $19 billion. As of the end of last year, the company had 14 data centers and plans to double that number to 28 by the end of this year. -
On-chain indexing service Subsquid completes financing of US$17.5 million, with participation from DFG and others
Subsquid, a chain indexing service, announced the completion of a $6.3 million financing through the CoinList community. As of now, its total financing amount has reached $17.5 million, with participation from DFG, Hypersphere, Zee Prime, Blockchange, and Lattice. It is reported that its native token, SQD, is scheduled to be listed this Friday. The Subsquid SDK has been integrated with Google BigQuery, allowing developers to use Google's technology to analyze blockchain data and reduce the data costs of large-scale deployment in the blockchain and developer communities. -
Peaq Completes $20 Million Fundraising via CoinList Launch
Peaq, a Layer1 blockchain applicable for DePIN and machine RWA, announced on X platform that it raised $20 million through its native token Launch, which was launched on CoinList from May 9 to May 16. As of now, over 145,000 community members have completed over-subscriptions of over $36 million. The new funds will be used to accelerate the growth of the peqosystem and further consolidate various ecosystem and community plans. -
Gaming platform Param Labs completes $7 million financing, led by Animoca Brands
Gaming platform Param Labs has completed a $7 million financing round, led by Animoca Brands with participation from Delphi Ventures and Cypher Capital. Param Labs aims to establish a gaming ecosystem managed by its native PARAM token, which is set to launch soon. The company's first game, "Kiraverse," is a multiplayer shooting game that allows players to earn money while playing. -
Blockchain SaaS solution AfriDex completes $5 million Pre-Seed round of financing, led by Endeavor Ventures
AfriDex, a blockchain software-as-a-service solution based in London, UK, announced the completion of a $5 million Pre-Seed round of financing with Endeavor Ventures leading the investment and African Crops Limited, Oldenburg Vineyards, and Hank Oberoi participating. AfriDex is currently focused on the agricultural market, providing comprehensive on-chain solutions to support and protect supply chain participants, utilizing blockchain technology to achieve traceability, frictionless payments, anti-fraud transactions, verified authentication, simplified tax and subsidy management. (finsmes) -
Blockchain SaaS Solution AfriDex Completes $5 Million Pre-Seed Round of Funding, Led by Endeavor Ventures
AfriDex, a blockchain software-as-a-service solution based in London, UK, has announced the completion of a $5 million Pre-Seed round of financing, with Endeavor Ventures leading the investment and African Crops Limited, Oldenburg Vineyards, and Hank Oberoi participating. AfriDex currently focuses primarily on the agricultural market, providing support and protection to supply chain participants through comprehensive on-chain solutions, utilizing blockchain technology to achieve traceability, frictionless payments, fraud prevention, verified authentication, simplified tax and subsidy management.
Daily Must-Read
-
JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian
-
OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X
-
Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction
-
What are tokenized commodities?
-
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
-
More than half of the Fortune 100 uses Apple’s Vision Pro headset
All Comments