Worldcoin token drops 5% amid Elon Musk's lawsuit against OpenAI
The price of Worldcoin’s WLD token dropped about 5% amid news that Elon Musk has sued OpenAI and Sam Altman.Worldcoin’s WLD token has emerged as a proxy bet on OpenAI in the crypto markets.
Musk, the enigmatic leader of Tesla and SpaceX, co-founded OpenAI in 2015 before stepping down from its board in 2018.
The lawsuit, which was filed in San Francisco, claims OpenAI’s profit-oriented focus violates the aforementioned contractual agreements, as the company’s efforts to allegedly keep the design of GPT-4 “a complete secret,” Reuters reported .
Worldcoin’s WLD token has proven to be a proxy bet on OpenAI in the crypto markets, often experiencing volatility when Altman or OpenAI are in the news, despite not being inherently related. While WLD has declined by about 5%, the wider cryptocurrency market capitalization has declined by just less than 1.5% over the same timeframe.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Rebound Alert: What’s Next for Bitcoin, Ethereum, XRP and Solana Prices?
OracleX Global Public Beta: Restructuring Prediction Market Incentive Mechanisms with "Proof of Behavior Contribution"
OracleX is a decentralized prediction platform based on the POC protocol. It addresses pain points in the prediction market through a dual-token model and a contribution reward mechanism, aiming to build a collective intelligence decision-making ecosystem. Summary generated by Mars AI The content of this summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Bitcoin is not "digital gold"—it is the global base currency of the AI era
The article refutes the argument that bitcoin will be replaced, highlighting bitcoin's unique value as a protocol layer, including its network effects, immutability, and potential as a global settlement layer. It also explores new opportunities for bitcoin in the AI era. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
Bitcoin 2022 bear market correlation hits 98% as ETFs add $220M
Trending news
MoreCrypto prices
More
