 "Read this article and rewrite in the style of a financial article. Write at least 3 paragraphs, preferably 5. Provide a Title for the newsarticle. \
                                Add 2 paragraphs with potential consequences, and critics to the thing explained in the article. These 2 new paragraphs should be creative, \
                                add new information, and can't be present in the article I shared. Add them organically to the text, using the same tone as the rest of the \
                                article. Do not mention: Potential Consequences and Critics",Crypto Startup Co-Founded by NAME_1 Raises $115 Million

2023-05-25T13:00:09.631Z

https://www.bloomberg.com/news/articles/2023-05-25/crypto-startup-co-founded-by-NAME_2-NAME_3-raises-115-million

[]

A crypto startup co-founded by OpenAI Chief Executive Officer NAME_1 has raised new funding to further its mission of providing a digital ID for everyone on the planet. NAME_4 for Humanity, the company behind the cryptocurrency project Worldcoin, said Thursday that it had raised $115 million from investors. The startup aims to create separate IDs for every living person in part by scanning their eyes. The scanning device is a small orb that reads a user’s irises, creating unique digital identities based on blockchain.  Blockchain Capital led the Series C funding round, which also included NAME_5’s crypto team, as well as NAME_6 Capital Crypto and Distributed Global.NAME_4 for Humanity co-founder and CEO NAME_7 declined to provide its valuation in an interview. He said that the new funding will be used for product expansion and hiring new employees to grow the startup’s 150-person team. The Financial Times previously reported some details of the deal. The Worldcoin project app.Source: NAME_4 for HumanityThe funding round signals the seriousness of the venture, NAME_8 said. “When we started talking about it three years ago, people really made jokes about us, like we read too many sci-fi books, and that’s now changed,” he said. 
The company’s identity technology will be important in a world where artificial intelligence raises new questions of what’s human and what’s not on the internet, NAME_8 said. It’s also an example of the overlap between the crypto and AI industries.  
“The initial motivation was all around how can we build infrastructure in a world in which AI is becoming increasingly powerful,” he said. Where funding for most crypto startups has dried up, NAME_4 for Humanity is a notable exception. NAME_8 stressed t