Sam Altman‘s role at Worldcoin is expected to remain unchanged despite the recent OpenAI controversy.
Altman, who was ousted as CEO of OpenAI last week, is also a co-founder of the crypto company Worldcoin and currently serves as chairperson of its developer, Tools for Humanity.
Despite the turmoil at OpenAI, sources close to the matter told Fortune that Altman’s role at Worldcoin is “not expected to change.”
Worldcoin, which has gained notable attention since 2021, revolves around verifying a person’s “personhood” by scanning their iris and rewarding them with a proprietary crypto token.
Altman, along with co-founder Max Novendstern and CEO Alex Blania, founded the company in 2020, with Altman bringing his experience as the former president of startup accelerator Y Combinator.
The ultimate goal is to create a future “universal basic income” program in which individuals worldwide are eligible for regular payments.
Worldcoin’s universal basic income model aimed to distribute the benefits of technological advancements to as many people as possible, particularly in a future where AI could potentially replace human jobs.
It is worth noting that the fate of Altman has had an impact on Worldcoin’s token price, which experienced fluctuations in response to news about his status at OpenAI.
For instance, the announcement of Sam Altman’s departure from OpenAI triggered a sharp decline in the value of WLD last week.
At the time, WLD dropped to as low as $1.86, marking a 42% decrease from its all-time high of $3.30.
Likewise, when he announced that he was joining Microsoft the price of WLD saw an uptick.
Nevertheless, Altman’s role at Worldcoin is seen as critical, and investors believe that his associationRead more on cryptonews.com