Sam Altman’s Worldcoin Raises $115 Million in Round Led by Blockchain Capital - Decrypt
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Sam Altman’s Worldcoin Raises $115 Million in Round Led by Blockchain Capital
Worldcoin developers Tools for Humanity say the Series C fundraise will support research, development, and growing the ecosystem. Tools for Humanity, the technology company behind Worldcoin, announced today that it has rai
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Worldcoin, the Ethereum-based token designed to support a universal basic income, has raised $115m in a series C funding round led by Blockchain Capital. The funds will be used to support research and development, as well as expanding the Worldcoin project and World App. The project aims to become the world’s largest and most inclusive identity and financial network, built around World ID and the Worldcoin token, with the eventual goal of becoming a DAO-like entity with decentralized decision-making. However, the project has faced pushback due to its use of retina scans to verify account holders.
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- Sam Altman’s Worldcoin Raises $115 Million in Round Led by Blockchain Capital Worldcoin developers Tools for Humanity say the Series C fundraise will support research, development, and growing the ecosystem.
- Tools for Humanity, the technology company behind Worldcoin, announced today that it has raised s$115 million in series C funding led by Blockchain Capital. The funding will go toward a variety of projects, including an alternative to the oft-derided CAPTCHA test. "It was this idea of creating a new primitive for the internet that can enable any a...
- Bots have been a thorn in the side of blockchain and cryptocurrency projects for a long time. "[CAPTCHA] has been fairly effective for distinguishing between bots and humans," Bogart said. "That's no longer the case with more advanced automated systems, especially things being powered by AI."
- Other companies looking to fight the use of bots to scam and cheat include Civic, which launched a suite of tools last summer to stop bots from taking unfair advantage of NFT drops by limiting the number of wallets an account can use.
- Though Bogart did not say how much Blockchain Capital invested in the round, other investors joining the raise included a16z crypto, Bain Capital Crypto, and Distributed Global. In addition to bot detection, Tools for Humanity says the funds will go towards research and development and expanding the Worldcoin project and World App. San Francisco, ...
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