Sam Altman, the chief executive of OpenAI, is closing in on landing $100 million in funding to create a new crypto asset, according to a new Financial Times report.
Altman’s crypto project, Worldcoin, which plans to use a custom biometric imaging device known as “the Orb” to scan peoples’ eyeballs and verify their unique identity, is currently in beta.
Once their unique identity is verified, the Orb creates a “digital World ID” that the project says “can be used pseudonymously in a wide variety of everyday applications without revealing the user’s identity.”
Participants in the project will receive Worldcoin, which the project says will be the “first token to be globally and freely distributed to people just for being a unique individual.”
Explains the Worldcoin website,
“Importantly, Worldcoin – through World ID’s unique digital identity – can play an important role in demonstrating humanness in an online world populated with increasingly advanced artificial intelligence.”
The Financial Times reports that Worldcoin plans to launch its blockchain in the next six weeks. Previous investors in the project reportedly include Khosla Ventures, Andreessen Horowitz’s crypto fund and disgraced FTX founder and former CEO Sam Bankman-Fried.
Altman’s OpenAI created ChatGPT, an AI chatbot that went viral in November and December of 2022. In January, Microsoft invested $10 billion in the company.
A separate, unrelated crypto asset called WorldCoin (WDC), surged by more than 25% on Monday, likely due to confusion surrounding the Financial Times news report. The project clarifies on its website that it has nothing to do with Altman’s venture.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source: https://dailyhodl.com/2023/05/16/chatgpt-creators-eye-scanning-crypto-project-closes-in-on-100000000-in-funding-report/