In a recent development, the Worldcoin project’s WLD token saw a 13% decrease after co-founder Sam Altman of OpenAI resigned.
Due to doubts about Altman’s capacity for effective leadership, the OpenAI board made this decision in response to complaints about inadequate communication transparency.
Following Altman’s exit, Chief Technology Officer Mira Murati has been named CEO-in-waiting. Murati seems like an obvious choice for the interim position; she has been a member of OpenAI’s leadership team for five years.
As of the reporting period, WLD’s price is $1.91, down 12.91% from the previous day. The trading volume has increased by 13.28% in spite of the recent downturn. Significantly, during the previous 30 days, the token’s value has seen a positive trend of 19.91%.
The path of Worldcoin has experienced some volatility; it fell 42% from its peak of $3.30 in July, which also happened to be the month it came out of beta.
However, it doesn’t seem like Altman’s departure will have any impact on the larger market for coins and tokens related to AI.
Tools for Humanity’s biometric cryptocurrency, Worldcoin, encountered difficulties when it came out of beta in July 2023.
The technology involved using silver orbs to scan citizens’ iris, raising privacy concerns. Kenya blocked new participant registrations because of concerns about privacy and safety.
Although Germany, France, and the United Kingdom voiced skepticism regarding the idea, a number of them started investigating Worldcoin’s operations.
The token is still making its way through the crypto scene in spite of these obstacles, and observers will be keeping a close eye on its future.