Sam Altman’s Worldcoin has raised $115 million in a Series C funding round. The backers include Blockchain Capital and Tools for Humanity (TFH), which Altman co-founded, as well as a16z crypto, Bain Capital Crypto, and Distributed Global.
The new funding is expected to support the expansion of the Worldcoin project and the further enhancement of the World App, a wallet specially designed for the Worldcoin ecosystem.
Worldcoin, currently in beta phase, aims to become the largest and most inclusive global identity and financial network. The initiative is built around World ID and the Worldcoin token, with the aim of functioning as a public utility accessible to everyone, regardless of their socio-economic background.
Worldcoin, with roughly two million users across five continents, is shifting toward decentralization in governance, engineering, operations, and grant-making activities through the nonprofit Worldcoin Foundation.
Alex Blania, TFH co-founder and CEO, highlighted the importance of maintaining personal privacy when it comes to artificial intelligence. He expressed optimism that the new funding and influx of talent to TFH would help expand the protocol’s reach from its current user base to billions in the future.
Spencer Bogart, General Partner at Blockchain Capital, praised Worldcoin’s World ID feature. He noted the privacy-preserving protocol’s potential to enhance user experience, open up a path for new internet-based applications, and generate trust in digital communities.
The World App is one of the fastest-growing self-custodial wallets globally. More than 1.5 million people have already joined the beta phase, processing over 60,000 transactions daily and boasting 600,000 monthly active users.
