The Worldcoin (WLD) token, connected to the biometric project Worldcoin that uses iris scanning and was founded by Sam Altman, experienced a 14% decrease in its value.
The Worldcoin (WLD) token, tied to the biometric project Worldcoin using iris scanning and created by Sam Altman, faced a 14% decline following Altman’s departure from OpenAI. Altman stepped down as OpenAI’s CEO due to a lack of clear communication, causing the board to lose trust in his leadership.
Worldcoin’s Turmoil and Market Impact
In the aftermath of the startling revelation, Worldcoin plummeted to a low of $1.85 before making a partial recovery and currently stands at $2.01. Surprisingly, despite Sam Altman’s departure, the wider market for AI coins and tokens seemed unshaken. In the last 24 hours, the market capitalization of AI coins surged by 30%, reaching a total of $7.3 billion.
Worldcoin, developed by Tools for Humanity, aims to validate people’s online identities through its World ID system, taking a stand against bots and fake identities. Individuals can join the network by scanning their irises using orb-shaped scanners and receive Worldcoin tokens as a reward.
However, the project encountered criticism, especially from privacy advocates, and faced opposition from several governments including Kenya, the U.K, Germany, and France.
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