The cryptocurrency company Worldcoin, founded by OpenAI's founder, is undergoing a new round of financing

ChainCatcher news, Worldcoin, the crypto company founded by OpenAI CEO Sam Altman, is seeking major investors for its latest funding round. According to informed sources, it is in discussions with well-funded investors, including sovereign wealth funds, hoping to raise up to $120 million at a $3 billion valuation—this valuation is the same as last year. The structure of this funding round will be equity plus token warrants.

It is reported that this funding round is taking place amid the tremendous success of ChatGPT. ChainCatcher previously reported that OpenAI has been negotiating with investors for a stock sale valued at $29 billion. Microsoft is considering investing $10 billion in the company. (source link)