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Worldcoin Raises Close To $100M For Its Global Cryptocurrency

Worldcoin, a start-up founded by Sam Altman of OpenAI and Alex Blania in 2019, has secured nearly $100 million in funding for its blockchain protocol and is set to launch in the next six weeks. The new digital currency aims to address the problem of distinguishing between humans and bots while providing a form of universal basic income to offset job losses caused by AI. Worldcoin's innovative use of iris scanning technology has clearly resonated with investors, despite concerns over potential privacy risks. The success of Worldcoin's fundraising round is a positive development for the crypto sector, which has faced significant challenges in recent times.

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