After leaving his position as CEO of OpenAI last Friday (17), Sam Altman He was reinstated this Wednesday (22). As a result, cryptocurrencies World currency (WLD) appreciated by 8% in the last 24 hours.
To summarize the projects: OpenAI is the company responsible for ChatGPT, a text-based artificial intelligence (AI) tool, and also Dall-E, which is used for AI image generation.
Worldcoin is a controversial cryptocurrency created by Altman where users receive coins by scanning their eyes and leaving this data in a database. More than 2.4 million people have already participated in the experiment, including Brazilians.
Worldcoin rises 8% after Sam Altman returns to command of OpenAI
Worldcoin (WLD) fell more than 14% on Saturday (20) after Sam Altman was fired from OpenAI. Over the weekend, the cryptocurrency rebounded after Microsoft quickly announced the hiring of its executive.
In any case, this Wednesday (20) Worldcoin reached the highest price of the past seven days, after OpenAI reintroduced Sam Altman as CEO of the company.
“We have reached an agreement for Sam Altman to return to OpenAI as CEO under a new board.”
We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new board consisting of Bret Taylor (Chairman), Larry Summers and Adam D’Angelo.
We’ll work together to find out the details. Thank you very much for your patience with this.
— OpenAI (@OpenAI) November 22, 2023
Before his reinstatement, more than 500 of OpenAI’s 700 employees had resigned as a form of protest against Altman’s controversial departure, who was expelled by his own board.
With regard to Worldcoin, its purpose is precisely to distinguish humans from artificial intelligence. In other words, Sam Altman is actually playing on both fronts of what could be humanity’s great battle.
“Think of governments. How are we going to differentiate between what is human-generated and what is machine-generated?”
On to the greatest technological, economic and productivity growth since the internet 🫡 pic.twitter.com/NjrxMNkbH1
— Wereldcoin (@worldcoin) November 19, 2023
Other cryptocurrencies also saw unexpected gains this week
Although Worldcoin has increased in value by 8% over the past 24 hours, other projects have seen even greater increases over the same period. The reason is said to be the billion-dollar fine that Binance paid to the US government to close a case against the broker.
The most important is the Fade, a paid market for trading NFTs, a field also being explored by Binance. The cryptocurrency is rising by 35% daily.
Then the FTX Token (FTT)making a bet that the bankrupt brokerage could rise from the ashes to compete with the brokerage of Changpeng Zhao, who left his position as CEO of his company.
Then the Uniswap (UNI), Thor (RUNE) It is dYdX (DYDX)which shows that the market is interested in decentralized exchanges.
While Uniswap operates on the spot market, DYDX focuses on the futures market. Thor (RUNE) is similar to Uniswap, but is not tied to Ethereum, allowing the exchange of cryptocurrencies from different blockchains.
Finally, the cryptocurrency market is very excited. While Bitcoin awaits the SEC’s decision on ETF applications, other projects are gaining prominence in their specific areas.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
