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.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 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.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

The stablecoin issuer now plans to offer 32 million Class A common stock shares at a price of up to $28 each

article-image

Let’s go whale watching, Bitcoin style: Investigating the mysterious “12ib7” wallet now worth $3.2 billion

article-image

Bitget’s L2 is undergoing a leadership change and will be helmed by Colin Goltra, formerly the blockchain’s chief growth officer

article-image

The funding was spread out across 61 rounds, a slight dip in both number of rounds and total funding in comparison to other months

article-image

Why is it controversial to say things are better than they used to be?

article-image

Wallchain could make influencer ROI more measurable for Solana businesses