Worldcoin is looking for a lead investor as it seeks $120M in new funding, per sources close to The Block.

 

Worldcoin is looking for a lead investor as it seeks $120M in new funding, per sources close to The Block.  The firm is aiming for a valuation of $3B, the same as its previous round from last year.  Worldcoin is co-founded by OpenAI co-founder and CEO Sam Altman.  The firm aims to become the world's largest financial network geared towards universal basic income.  To verify user identity and enable transactions, Worldcoin is developing iris-scanning technology dubbed Orbs. The firm cemented its unicorn status with a $25M venture funding round from Andreessen Horowitz (A16z), Coinbase Ventures, and Digital Currency Group.  Khosla Ventures joined A16z to provide $100M funding in Mar. 2022 at a $3B valuation.