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Worldcoin feels the heat as OpenAI forces Altman out

Press Releases Crypto News AMB-Crypto Worldcoin feels the heat as OpenAI forces Altman out

The WLD price plunged after the AI firm ousted ChatGPT’s co-founder.
Activity on the Worldcoin network also decreased, suggesting unrest among holders.

The price of Wolrdcoin [WLD] plunged by 12.64% in the last 2 hours, as news of the sack of Sam Altman spread like wildfire.

Altman was the co-founder and CEO of OpenAI. OpenAI is the firm responsible for creating the popular Artificial Intelligence (AI) tool ChatGPT. He also doubles as the co-founder of the cryptocurrency project Worldcoin.

Before the development went public, WLD exchanged hands at $2.13.

But after the disclosure, the token fell sharply and was trading at $.1.87 at press time. Altmans’ dismissal came as a shock to both the crypto and AI community.

No face, no problem, OpenAI says

Since ChatGPT gained popularity, earlier in the year, Altman, despite being CEO, has been the face of the OpenAI team. But AMBCrypto looked into the pushout.

From the information we got, Altman was ousted because the company’s board passed him a vote of no-confidence.

The OpenAI board also released a statement with respect to the development. According to the communiqué, the decision to fire Altman was that:

“Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI”

As the Worldcoin price fell, an in-depth analysis of the volume in the last 24 hours showed that the metric increased. AMBCrypto, via on-chain data from Santiment, found out that WLD’s volume had jumped to 201.53 million.

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Author: Victor Olanrewaju

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