ChatGPT founder's crypto project faces million-dollar deal

As the Financial Times reports, OpenAI boss Sam Altman is about to secure $100 million for his crypto project Worldcoin.

A year ago, ChatGPT's founder received $100 million in a funding round. The company's tokens are valued at about $3 billion, according to the report. Investors include Khosla Ventures and Andreessen Horowitz's crypto venture arm, a16z.

The Worldcoin project was founded in 2019 by Sam Altman along with Alex Blania. In the age of artificial intelligence (AI), it wants to be able to better distinguish between humans and machines. To do so, users must voluntarily take a retinal scan. Based on this unique, biometric data, a so-called "World ID" is then created. People can use this to prove their identity digitally.

In exchange for storing the data, users receive a cryptocurrency, namely Worldcoin. Critics complain about the impact on user privacy, among other things. However, the company assures that the iris scanners do not store private data.