Posted 11/17/2023, 9:57:06 PM
Worldcoin Price Plunges 14% as OpenAI Ousts Founder Sam Altman
- Worldcoin token price plummets 14% following announcement of OpenAI CEO Sam Altman's departure
- Altman ousted by OpenAI board due to lack of communication and lost confidence in leadership
- Worldcoin project founded by Altman in 2019 and backed by Andreessen Horowitz
- Core of Worldcoin is biometric identity system using iris scans from orb-shaped devices
- Raised $25M initially and $100M more within 6 months, reaching $3B market cap
- Faced criticism over user acquisition methods and privacy concerns
- Launched out of beta in July 2022 but banned by Kenya over security and privacy worries