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Openai Shakeup: Sam Altman Out as CEO, Worldcoin’s WLD Plunges | Blockchain Progress

Openai Shakeup: Sam Altman Out as CEO, Worldcoin’s WLD Plunges

On the day of Friday, November 17, 2023, Openai, known for developing Chatgpt, declared that its CEO, Sam Altman, is exiting the organization. Mira Murati, the CTO, has been named the interim CEO to guide Openai during this transition. The letter articulates Openai’s gratefulness for Altman’s “many contributions” to the inception and expansion of the company. Nonetheless, it also underscores the AI firm’s board’s loss of “confidence” in his ongoing leadership at Openai.

Altman was not only at the helm of Openai but he also played a crucial role in the crypto project Worldcoin, which utilizes the native token WLD. Following the recent announcement, the WLD token has experienced a notable decline of 13.5%, with its 24-hour trading range fluctuating between $1.89 and $2.25. Following the significant slide, WLD rebounded a hair and is now only down 8% against the U.S. dollar.

Presently, it’s trading at $2 per unit. In the vast landscape of over 10,000 cryptocurrencies, its market capitalization stands at $219 million, ranking it at the 171st position in the global crypto economy. Additionally, WLD has seen $144 million in trading volume in the last 24 hours, with the dominant trading pair being tether (USDT).