Sam Altman, the former CEO of OpenAI, is reported to maintain a significant position in the crypto venture Tools for Humanity and its project, Worldcoin, even after his departure from OpenAI, as per an insider.
Although Altman's exit initially caused an over 14% dip in the value of Worldcoin (WLD), it has since recovered and is currently trading at $2.44, similar to its previous levels before the announcement. The source confirms that Altman, who remains the chairman and co-founder of Tools for Humanity, continues to actively contribute to the project.
Worldcoin, which raised $115 million in a Series C funding round led by Blockchain Capital in May, aims to develop a more human-centric internet and establish a globally accessible economy through World ID, a privacy-focused verification system that verifies individual identities online.
The project gained attention for its controversial Orb hardware, which utilizes iris scanning to assign a unique ID to individuals, ensuring identity verification and preventing the creation of multiple accounts. However, Worldcoin faced opposition from countries like Argentina, which launched an investigation into the privacy practices at the project.
Critics have accused Worldcoin of specifically targeting developing nations with less stringent privacy regulations. The project offers most participants (excluding specific countries) 25 WLD tokens, valued at around $61, upon signing up, leading to allegations of exploitation. Despite the criticism, Worldcoin has garnered over 2.47 million sign-ups since launching in July 2023.
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