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Crypto

Sam Altman\'s biometric authentication startup World raises $52.5 million from cryptocurrency sale

World, an online authentication startup co-founded by Sam Altman, raised $52.5 million by selling WLD tokens to strategic investors, with a 12-month lockup, TechCrunch reported. Investors cannot sell or trade WLD for a year. World said the condition reflects long-term investment in its growth and expanding utility. Proceeds will go to the Cayman Islands-based World Foundation. Pantera Capital led the purchase, with other firms participating.

Crypto

Grayscale moves to launch spot Worldcoin ETF, pending SEC and Nasdaq approval

Asset manager Grayscale has begun procedures to launch a spot exchange-traded fund based on the Worldcoin token, WLD. It filed a registration statement with the U.S. Securities and Exchange Commission for the Grayscale Worldcoin ETF, which would track a CoinDesk benchmark rate and list on Nasdaq under the symbol GWLD. The filing details custody and administration partners and flags regulatory risks, token volatility and ownership concentration.

AI & Enterprise

South Korea steps up push for one AI agent per person, to launch \'AI for Everyone\' service this year

South Korea plans to launch a free, general-purpose AI chatbot service called \'AI for Everyone\' in December using domestic AI models. The government aims to upgrade it into AI agents next year, targeting a \"one AI agent per person\" era. It will support construction of gigawatt-class AI data centres backed by 550 trillion won in private investment and pursue projects in physical AI, AI semiconductors, security and regional AI transformation hubs, and space and quantum programmes.