Elon Musk stated during his lawsuit against OpenAI, 'Some crypto assets have value, but most are scams.' This comment came in response to court questions about OpenAI considering funding its nonprofit operations through a token offering (ICO) back in 2018. Musk accused OpenAI of deviating from its original mission after bringing in Microsoft as an investor and pursuing commercialization. OpenAI responded by saying that Musk was aware of and supported the fundraising ideas at the time, including the ICO. Although Musk initially supported crypto assets—such as Tesla purchasing about $1.5 billion in Bitcoin in 2021 and influencing Dogecoin's market trends—Tesla sold approximately 75% of its holdings in 2022. (Fortune) https://(wublock123.com)/news/musk-calls-most-crypto-schemes-lawsuit-openai-ico-plan-60380