After being kicked out of OpenAI, Worldcoin (WLD), the token of Sam Altman’s retina-scanning project, had a lot of volatility in the last few days. After Altman left OpenAI on November 17, the token fell to a low of around $1.84 from its peak of $2.48 on November 16. After that, it recovered, rising 12% in the previous day to hit an intraday high of $2.54 in Monday morning Asian trading. However, it fell to $2.30 when Twitch co-founder Emmett Shear took over as CEO.
Worldcoin, which debuted in July, was co-founded by Altman. WLD’s initial upsurge occurred following reports of a group of OpenAI officials and investors attempting to have Altman reinstated as CEO of the artificial intelligence company, despite the fact that the initiative is independent of OpenAI. With the advancement of AI technology, Worldcoin is a digital identification platform that aims to create a World-ID and financial system through the use of retina scanning technology for human authentication.
The introduction of Worldcoin caused division in the cryptocurrency world by bringing up issues with security, privacy, and centralization. Over the last day, AI-related cryptocurrency assets have outperformed; their market valuation has increased by 7.2% to $6.5 billion. Double-digit gains were recorded by tokens like Fetch.ai (FET), SingularityNET (AGIX), and Akash Network (AKT).