Worldcoin, the eyeball-scanning crypto startup founded by OpenAI CEO Sam Altman, is on the hunt for a lead investor for its latest round of financing.

The startup is in discussions with deep-pocketed investors, including sovereign wealth funds, about leading another fundraise, according to two people with direct knowledge of the matter. It’s looking to raise up to $120 million at a valuation of $3 billion — the same valuation it raised at last year — according to one of those people. The round will be structured as a sale of equity plus token warrants, they added.