The Worldcoin WLD token fell during Friday’s European morning trading when it was revealed that a connected firm, OpenAI, was the target of a lawsuit.
WLD fell 2.2% in less than an hour after Reuters revealed that, in a filing on Thursday, tech billionaire Elon Musk had filed a breach of contract lawsuit against OpenAI and CEO Sam Altman. Musk said that they had broken commitments they had signed when he purportedly assisted in founding the business in 2015.
Altman is a co-founder and member of the Worldcoin board. Everyone’s eyes will be scanned as part of the contentious initiative in return for tokens and a digital ID.
AI tokens have a history of fluctuating in value over the last year in response to advancements in the larger artificial intelligence sector. After OpenAI unveiled a new text-to-video solution and chipmaker Nvidia exceeded fourth-quarter profit estimates in February, a number of AI tokens saw a spike in value.