OpenAI Ousts Sam Altman from Board of Directors
OpenAI, the company that developed the popular ChatGPT platform, announced the sudden ouster of Sam Altman from the board of directors. This news came as a shock to the AI community, as OpenAI has expressed that it has lost confidence in Altman, a prominent figure in the generative AI space.
Worldcoin (WLD) Price Tanks 12%
Following the announcement, the price of Worldcoin (WLD) plummeted by 12%, dropping to below $2. WLD is the native cryptocurrency of Sam Altman’s WorldCoin project. Worldcoin acquires users by scanning their irises with its device called Orb, generating an “iris code” or “World ID” for users. This enables access to the project’s application and creates a “digital passport.” Critics argue that the project has faced resistance in developing economies and that there are concerns about potential exploitation.
Will WLD Survive?
Sam Altman has been promoting the Digital iris WorldCoin project aggressively, but it continues to face scrutiny. Additionally, due to the SEC’s security rules, Worldcoin has not launched the WLD crypto in the US. In August, Worldcoin encountered resistance from countries like Kenya, leading to the suspension of its initiative to scan citizens’ eyes. In contrast, Tiago Sada, head of product for Tools for Humanity and a significant contributor to Worldcoin, defended the project’s distribution of free tokens and its focus on developing countries.
Hot Take: Is Worldcoin in Trouble?
While Worldcoin has faced resistance and criticism, it has made significant efforts to expand into emerging markets and provides users with unique benefits, such as a digital passport. However, the project faces ongoing scrutiny and challenges in different regions. Whether Worldcoin and its native cryptocurrency, WLD, can survive and thrive in the long term remains uncertain.
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