Worldcoin (WLD) Token is down 12.91% in the last 24 hours
In a recent development, the Worldcoin projectโs WLD token saw a 13% decrease after co-founder Sam Altman of OpenAI resigned.
Due to doubts about Altmanโs capacity for effective leadership, the OpenAI board made this decision in response to complaints about inadequate communication transparency.
Following Altmanโs 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 OpenAIโs leadership team for five years.
As of the reporting period, WLDโs 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 tokenโs 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 doesnโt seem like Altmanโs departure will have any impact on the larger market for coins and tokens related to AI.
Tools for Humanityโs biometric cryptocurrency, Worldcoin, encountered difficulties when it came out of beta in July 2023.
The technology involved using silver orbs to scan citizensโ 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 Worldcoinโs 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.