# Worldcoin has raised $115M in a Series C funding round 

By [0x564f](https://paragraph.com/@0x564f) · 2023-05-26

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Worldcoin has raised $115M in a Series C funding round led by Blockchain Capital

Worldcoin, the eyeball-scanning crypto project co-created by OpenAI’s Sam Altman, has raised $115M in a Series C funding round led by Blockchain Capital. Other investors include a16z, Bain Capital Crypto and Distributed Global. The capital will help accelerate research and development and growth efforts on the Worldcoin project and the World App. Worldcoin is currently in beta and is being built around the decentralized World ID and the Worldcoin token.

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Polylastic (POLX) will launch its DeFi Index on May 30th

Polylastic, powered by the $POLX token, is a project that introduces a comprehensive set of digital asset indexes. The Polylastic Index is designed to provide a comprehensive overview of the cryptocurrency market, allowing users to track the performance of various digital assets across different sectors. Also, Polylastic will offer token holders the to actively participate in shaping the index’s composition and decision-making processes through a DAO. Polylastic Index will be launched on May 30th.

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Synthetix (SNX) founder wants to buyback and burn around $230M worth of SNX

Kane Warwick, founder of decentralized derivatives trading protocol Synthetix $SNX, proposed 12 substantial governance proposals to incentivize the next phase of the project. These initiatives strive to broaden Synthetix’s capabilities and stimulate increased participation from its community members. Among these included a proposal that involves a 3:1 split of $SNX, followed by a buyback and burn of approximately 90M of tokens (worth around $230M at current rate) using the Treasury’s fee yield.

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*Originally published on [0x564f](https://paragraph.com/@0x564f/worldcoin-has-raised-115m-in-a-series-c-funding-round)*
