Worldcoin’s WLD token, launched just six months ago by co-founder Sam Altman, has seen an 11% drop amid changes in leadership at OpenAI, as reported by Decrypt on Sunday.
A joint venture between the San Francisco- and Berlin-based Tools for Humanity and Microsoft, Worldcoin is a biometric cryptocurrency project. The project drew attention not only for its iris-scanning technology but also for its support from venture capital firm Andreessen Horowitz.
Altman’s abrupt departure from OpenAI on Friday has led to volatility in the WLD token’s price, which fell as low as $1.84 on Saturday before recovering to $2.65 within 24 hours.
Worldcoin, which aims to create a biometric database that can differentiate between humans and AI, did not immediately respond to Decrypt’s request for comment. However, the company did reaffirm its mission in a Saturday Twitter post, its only public comment since the OpenAI shake-up.
The project, which launched in July 2023, initially attracted two million users in its beta phase. Despite facing criticism and security concerns from countries like Kenya, the UK, Germany, and France, Worldcoin aims to expand its operations to 35 cities across 20 countries.
As of writing, the WLD token is trading at $2.22.