The post Worldcoin WLD Plummets After Sam Altman’s Departure appeared first on Coinpedia Fintech News
In a surprising turn of events, Sam Altman, the now-former CEO of OpenAI, has been ousted from his position following a deliberative review process by the board. OpenAI’s official announcement on November 17 revealed that Altman’s departure stemmed from a lack of consistent candor in his communications with other board members, hindering the organization’s ability to execute its responsibilities. The board expressed a loss of confidence in Altman’s leadership.
Impact on Worldcoin (WLD Token)
The repercussions of Altman’s exit were felt in the crypto space, particularly with the Worldcoin (WLD) token, linked to Altman’s other biometric project. Since the announcement, Worldcoin has experienced a significant dip, plummeting by 12.02% within a day. Its current market cap stands at $223,721,239, with a trading price of $1.96 at the time of writing.
Altman’s Response
In response to the announcement, Altman shared his sentiments on X, expressing his love for his time at OpenAI. He hinted at revealing more about his future endeavors in a later post.
Public Reactions
While figures like Eric Schmidt praised Altman’s past achievements, with Schmidt calling him a hero, the general public exhibited mixed reactions. Some questioned the circumstances surrounding Altman’s departure, seeking clarity on the board’s lack of confidence. There were even allegations that Elon Musk deserved credit for funding OpenAI’s research, suggesting Altman altered its trajectory and eventually sold it to Microsoft.
In contrast, Minter Network sought to reassure the crypto community, asserting that Altman would have more time to focus on Worldcoin despite leaving OpenAI.
The departure of a visionary leader like Altman raises questions about the future trajectory of both OpenAI and the projects associated with its former CEO. As the crypto markets react to these developments, the community eagerly awaits Altman’s next moves and potential projects.
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