Worldcoina cutting-edge cryptocurrency initiative, has successfully raise 115 million dollars in a Series C funding round led by BlockchainCapital. Co-founded by Chef from OpenAISam Altman, the project is set to transform the way we perceive identity in the digital world with its Decentralized World ID and the World App recently launched.
A Powerful Alliance: Leading Venture Capital Firms Join Forces
In a striking display of confidence and optimism, renowned venture capital firms like Andreessen Horowitz (a16z), Bain Capital Crypto And Distributed Global have placed their stakes in the arena of Worldcoin. Their investment is a testament to the promising path Worldcoin has taken, navigating the complexities of artificial intelligence and providing a unique solution to digital identity.
Worldcoin: Expanding its user base and preparing for transactions
Currently in beta, Worldcoin managed to gather an impressive 2 million users. The project is about to launch its protocol blockchain and start recording transactions. This marks a significant step forward for Worldcoin, which is gearing up for even greater progress in the coming weeks.
WorldApp: A Game Changer in Cryptocurrency
At the beginning of May, the WorldApp caused a stir in space crypto. The application, available on the platforms android And iOS, runs on the Polygon network. It makes it easy to hold and transfer different cryptos, including USDC, DAI, Ether, wBTC, and Worldcoin (WLD). Notably, the app uses zero-disclosure evidence to verify human users, without exposing their underlying data. This innovation brings an improved layer of security and anonymity.
Build bridges with crypto exchanges and improve user experience
Worldcoin has formed alliances with regulated crypto tools moonpay And Ramp to provide means of entry and exit within the portfolio. A Uniswap integration also makes it possible to exchange tokens directly through the wallet. Additionally, the app allows users to send and receive crypto through their contacts’ phone numbers, making transactions simpler and more user-friendly.
A journey of progress and partnership
The series A financing of Worldcoin saw the participation of big names such as a16z, the Digital Currency Group and Coinbase ventures. The former CEO of FTXSam Bankman-Fried had also bet on Worldcoin.
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