The Worldcoin (WLD) token, which is linked to Worldcoin, a biometric project utilizing iris scanning and founded by Sam Altman, witnessed a 14% drop.
The Worldcoin (WLD) token, which is linked to Worldcoin, a biometric project utilizing iris scanning and founded by Sam Altman, witnessed a 14% drop after the announcement of Altman's departure from OpenAI. Altman's removal as CEO of OpenAI was a result of inadequate transparent communication, leading to a loss of trust in his leadership by the board.
Worldcoin crashed to a low of $1.85 following the shocking revelation, but recovered slightly and is currently trading at $2.01. Despite Altman's departure, the broader market for AI coins and tokens appeared to be unaffected. Over the past 24 hours, the market capitalization of AI coins grew by 30% to reach $7.3 billion.
Worldcoin, developed by Tools for Humanity, aims to verify individuals' identities online through its World ID mechanism, combating the presence of bots and counterfeit identities. Users can become part of the network by scanning their irises using orb-shaped scanners and receive Worldcoin tokens as compensation. The project faced criticism and opposition from privacy advocates, with concerns raised by various governments including Kenya, the U.K, Germany, and France.
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