Worldcoin, the cryptocurrency startup co-founded by former Y Combinator president Sam Altman, is raising $100 million from investors including Andreessen Horowitz, a previous backer, and Khosla Ventures through the sale of its Worldcoin tokens, according to two people with direct knowledge of the matter.
The new investment values the total supply of the company’s tokens, blockchain-based digital currencies that are often issued by crypto startups, at $3 billion, two people said. Just five months ago, the startup, which offers free tokens to individuals who get their irises scanned with a custom-made device, said it raised $25 million at a $1 billion valuation.
