Sam Altman’s OpenAI exit won’t stop the use of ChatGPT among crypto devs, at least for now 

Like much of the tech world, crypto’s use of ChatGPT has been growing. Despite founder Sam Altman’s ouster, decentralized AI projects don’t seem ready to replace it

article-image

Former OpenAI CEO Sam Altman | jamesonwu1972/Shutterstock modified by Blockworks

share

Former OpenAI CEO Sam Altman is associated with crypto by virtue of his founding role in Worldcoin — but his departure from AI powerhouse OpenAI has implications of its own.

Altman was fired Friday after a boardroom coup caused by an alleged lack of candor with the board. Altman has already taken a job at Microsoft — and more than 500 OpenAI employees threatened to resign in a letter to the board.

OpenAI’s most advanced product, the ChatGPT large language model (LLM), is used by crypto developers and in crypto applications. But faith in the AI startup has been shaken by the past few turbulent days.

Elsewhere, crypto teams are seeking to create wholly decentralized AI products — though development of such products lags far behind the work of OpenAI. 

Read more: AI needs to be decentralized for the same reasons that money needs to be

ChatGPT is capable of writing and troubleshooting code written in Solidity, the programming language for Ethereum smart contracts, making it a potentially helpful tool for developers. A pseudonymous developer named CroissantETH made a ChatGPT-enabled app whereby ERC-20 tokens can be created with a one-sentence command. 

Antonio Viggiano, founder of smart contract testing firm Fuzzy, released an extension that uses ChatGPT to audit code for potential vulnerabilities. 

“I believe devs use ChatGPT a lot, probably every day or many times a week,” Viggiano said.

However, problems persist. Viggiano noted ChatGPT will often provide incorrect responses, causing developers to have to edit code manually. Fernando Rodriguez Hervias, CEO of Web3 developer studio PragmaLayer, said chatbots ultimately cannot be relied upon to keep smart contracts secure.

“What if [the] contract gets hacked? Will you blame AI?” Hervias said in a Telegram message.

Ritual founder Niraj Pant said that it’s partially because of those shortcomings that ChatGPT isn’t commonly used in mission-critical capacities. However, AI chatbot use cases are growing, like reading a protocol’s documents and being able to troubleshoot problems in a chat window with builders on the platform. 

Pant said OpenAI’s boardroom drama underscores a need for diversification in the field of LLMs, currently dominated by OpenAI. 

“Developers I know that are building on OpenAI stuff are not even sure if their apps will work on Friday after employees leave, at least allegedly from the reports,” Pant said.

Pant’s startup Ritual announced a $25 million raise earlier this month to help Web3 companies interact with AI.

If Altman’s dismissal from OpenAI spells stagnation for the AI company — which was reportedly seeking to raise funds at an $80 billion valuation in late October — crypto’s growing crop of AI projects could theoretically stand to gain. 

However, Pant said attempts at open-source answers to ChatGPT are still playing “catch-up” with the likes of OpenAI’s work. 

A pseudonymous developer named Moon Dev, who uses ChatGPT to build quantitative trading tools for crypto, said in a direct message that they remain unimpressed with crypto AI products as they exist today.

“[I] haven’t seen anything even close,” they told Blockworks.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.jpg

Research

The BitcoinOS team is the first to have developed and posted a ZK-compressed proof on the Bitcoin network. Other proof verification efforts have been limited to the Signet or testnet deployments. Their work has resulted in the development of BitSNARK, a software library for ZK-compressed fraud proofs on the Bitcoin network. The project aims to provide a horizontal scaling solution, offering a one-stop shop for teams interested in developing a rollup on Bitcoin. This approach shares similarities with the horizontal tech stack scaling in other ecosystems like Cosmos and Optimism, particularly in its focus on simplified verification, bridging standards, and lightweight interoperability.

/

article-image

A16z’s State of Crypto report shows that DeFi has the largest number of daily active addresses, with stablecoins following closely behind

article-image

G2 is delivering real-world performance breakthroughs at 50-100 Mgas/s, Conduit says

article-image

World Liberty Financial’s token sale debuted just as an absurd AI-fueled memecoin captured crypto’s attention

article-image

Coinbase hired History Associates in 2023 to assist in retrieving records from the SEC and FDIC

article-image

Hours after pledging to support Black men’s rights to safely invest in crypto, VP Harris’s Monday night speech mentioned blockchain zero times