Crypto News – Sam Altman was removed from the board of directors by OpenAI, the firm that created the highly popular ChatGPT platform, on Friday, November 17.
WLD Token Drops 6% After Sam Altman Has Been Fired From OpenAI
The larger AI community is shocked by this since Open AI, a well-known firm in the generative AI field, stated that they no longer have faith in Altman.
The Worldcoin (WLD) price fell below $2 as soon as the news was released, plunging 12%. At the time of writing, the WLD is trading at $1.94, down 2.11%.
Sam Altman has been actively promoting the Digital Iris WorldCoin concept in the market, although there is still criticism of the project. Furthermore, the WLD cryptocurrency has not been released by Worldcoin in the US due to SEC security regulations.
In August, Worldcoin ran into opposition from nations like Kenya, which caused it to halt its campaign to scan the eyeballs of citizens in spite of initial orders. Opponents claim that there has been pushback against the project, which mostly focuses on developing economies. Concerns regarding possible exploitation are raised by the fact that participants outside of the United States and several other countries receive 25 WLD tokens—roughly worth $48—when they sign up.
Brief Information About Worldcoin Project and WLD Cryptocurrency
In Sam Altman’s WorldCoin project, WLD is the native coin. Using a tool called the Orb, Worldcoin collects users’ iris scan information. In the process, users receive a digital passport and an iris code, also known as a World ID, which grants them access to the project’s application. A person can validate their identification through the verification system, and obtaining multiple identities is prevented by the allocated iris code.
Sam Altman launched Worldcoin’s native cryptocurrency, WLD, earlier this year to encourage users to register for the network. Worldcoin has been gaining momentum quickly, as evidenced by the numerous signups it has received. Shortly after its inception in July, the price of WLD shot up to $2.5.