Sam Altman's cryptocurrency startup, World, is reportedly in the final stages of discussing securing a new office space at Mission Rock's Building B in San Francisco's burgeoning Mission Bay district. According to a report by the San Francisco Business Times, the company co-founded by Altman in 2019 has set eyes on roughly 70,000 square feet of the 295,000-square-foot property, which was only recently delivered at the end of the previous year.
The move would mark a significant expansion from the World's present 10,000-square-foot office space at 650 California St., which is set to expire this coming fall. To rapidly grow its employee base and operations, World has raised an impressive $240 million since its inception, boasting a workforce 165, according to PitchBook. Meanwhile, the San Francisco Chronicle has highlighted that the company is nearing a deal for the building's top two floors, representing around 60,000 square feet of space.
The cryptocurrency project, which made waves since it officially launched in 2023, aims to build a digital global identity system through retina scans. World has already deployed 1,500 so-called "orbs" for eyeball scanning in cities across the U.S., including San Francisco, New York, and Miami. Participants in this unique program are intermittently paid in the company's proprietary cryptocurrency, Worldcoin (WLD), which was trading at $1.11 at the time of the sourcing articles' publications.
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