Sam Altman’s Involvement in Worldcoin Remains Firm Despite OpenAI Drama
Crypto News

Sam Altman’s Involvement in Worldcoin Remains Firm Despite OpenAI Drama

2m
Created 3mo ago, last updated 3mo ago

Sam Altman, the former CEO of OpenAI, is reported to maintain a significant position in the crypto venture Tools for Humanity.

Sam Altman’s Involvement in Worldcoin Remains Firm Despite OpenAI Drama
Sam Altman, the former CEO of OpenAI, is reported to maintain a significant position in the crypto venture Tools for Humanity and its project, Worldcoin, even after his departure from OpenAI, as per an insider.
Although Altman's exit initially caused an over 14% dip in the value of Worldcoin (WLD), it has since recovered and is currently trading at $2.44, similar to its previous levels before the announcement. The source confirms that Altman, who remains the chairman and co-founder of Tools for Humanity, continues to actively contribute to the project.

Worldcoin, which raised $115 million in a Series C funding round led by Blockchain Capital in May, aims to develop a more human-centric internet and establish a globally accessible economy through World ID, a privacy-focused verification system that verifies individual identities online.

The project gained attention for its controversial Orb hardware, which utilizes iris scanning to assign a unique ID to individuals, ensuring identity verification and preventing the creation of multiple accounts. However, Worldcoin faced opposition from countries like Argentina, which launched an investigation into the privacy practices at the project.

Critics have accused Worldcoin of specifically targeting developing nations with less stringent privacy regulations. The project offers most participants (excluding specific countries) 25 WLD tokens, valued at around $61, upon signing up, leading to allegations of exploitation. Despite the criticism, Worldcoin has garnered over 2.47 million sign-ups since launching in July 2023.

Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
0 people liked this article