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Worldcoin token falls 5% after Elon Musk files lawsuit against OpenAI.

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World Coin Price world

+2.28%
token It fell about 5% in the last 24 hours following news that Elon Musk is suing OpenAI and its CEO Sam Altman (who co-founded Worldcoin and remains a board member) for allegedly violating an agreement signed in 2015. .

Musk, the enigmatic leader of Tesla and SpaceX, co-founded OpenAI in 2015 before stepping down from its board in 2018.

The lawsuit filed in San Francisco claims that OpenAI’s profit-oriented focus violated the aforementioned contractual agreement because of the company’s efforts to keep GPT-4’s design a “complete secret,” Reuters reported.

Worldcoin’s WLD token has proven to be a proxy bet for OpenAI in the cryptocurrency market, often experiencing volatility when Altman or OpenAI are in the news, despite being inherently unrelated. While WLD is down about 5%, the broader cryptocurrency market cap is down less than 1.5% over the same period.


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About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and is the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).

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