Sam Altman’s Crypto Project Worldcoin Got More Coin in Latest $115M Raise, While HedgeUp Raises $2.7M in Stage 3 Presale

Sam Altman’s Crypto Project Worldcoin Got More Coin in Latest $115M Raise, While HedgeUp Raises $2.7M in Stage 3 Presale

The crypto project Worldcoin is keeping up with its impressive trend of attracting funding. In its latest funding round, the project has raised $115 million. 

The investment project HedgeUp (HDUP) is also impressive on the DeFi side of things. Currently, in stage 3, the project’s presale has raised $1.8 million and counting.

Sam Altman’s Worldcoin raises $115M

Tools for Humanity has raised $115 million in a Series C round for its crypto project Worldcoin. The project, which was co-founded by OpenAI CEO Sam Altman, says it aims to distribute crypto assets to people for just being unique individuals.

In line with this slogan, the project uses a device called The Orb to scan irises during onboarding. This is done to confirm the user’s identity, after which they receive Worldcoin tokens for free.

Worldcoin has, however, received a lot of criticism for scanning irises. A good number of people perceive this move as a potential privacy risk. However, the project has been quick to defend its position.

Spence Bogart, who is the general partner at Blockchain Capital, has said The Orb doesn’t store photos of users’ irises. Instead, it uses the photo to generate a unique iris code based on the randomness of the iris. Once this code has been generated, the original photo is deleted.

Despite all these concerns, Worldcoin has maintained its spot as one of the few projects attracting consistent capital in the current market conditions. This latest funding round was led by Blockchain Capital and saw the likes of Bain Capital Crypto, a16z Crypto, and Distributed Global participate.

HedgeUp raises $2.7 Million in stage 3

The HedgeUp (HDUP) presale has been a continuous success since its launch. In stage 3, the presale earned $2.7 million after selling more than 130 million HDUP tokens. These funds will go towards the development of an alternative assets investment platform.

Called HedgeUp (HDUP), this platform will provide an avenue for people to buy and sell non-fungible tokens (NFTs) backed by real-world alternative assets. The HedgeUp (HDUP) team aims to empower everyday people to become investors and provide a stable avenue for crypto traders to diversify their portfolios away from volatile crypto assets.

HDUP is the linchpin of the HedgeUp ecosystem. It will serve as the platform’s internal currency. Also, HDUP holders will be included as members of the HedgeUp DAO to vote on how the blockchain grows. HDUP holders will also have access to an online learning center, wallet and banking functions, and a metaverse.

The HedgeUp (HDUP) presale will go on until the eighth stage. It’s currently being offered at a discounted price of $0.020. For the next stage, the price will be bumped up to $0.036 and then $0.0437 for the proceeding stage, and so on. These slight price increments will continue until the presale sells all available tokens and achieves its funding goals.

Find out more about the HedgeUp (HDUP) presale here:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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