2 years ago
Crypto startup Worldcoin is raising $100 cardinal with investors valuing the company's full stockpile of tokens astatine $3 billion, The Information reported connected Tuesday, citing 2 unnamed sources.
Investors see Andreessen Horowitz (a16z), which antecedently invested successful Berlin-based Worldcoin, and Khosla Ventures.
The concern volition travel done the merchantability of Worldcoin tokens, the Information reported.
It is the 2nd large superior rise successful astir six months for Worldcoin, which raised $25 cardinal astatine a $1 cardinal past October. a16z, Coinbase Ventures, Digital Currency Group (the genitor institution of CoinDesk) were among the investors for that round, which besides included angel investors Sam Bankman-Fried, the laminitis of FTX, and Reid Hoffman, the co-founder of LinkedIn.
Worldcoin, which was co-founded by Y Combinator President Sam Altman, uses chrome, volleyball-sized spheres to scan retinas successful speech for crypto.
The magnitude each idiosyncratic receives depends connected however aboriginal successful the project’s roll-out they get involved, with the magnitude diminishing arsenic much radical are onboarded
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James Rubin is CoinDesk's U.S. quality exertion based connected the West Coast.
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