The Effect of OpenAI's Sora on AI Tokens
OpenAI's recent launch of Sora, a new AI product capable of transforming text into hyper-realistic short videos, has generated excitement and discussion in the AI community. While some see Sora as a significant breakthrough in artificial intelligence, others have expressed concerns about potential negative consequences, such as the creation of misleading or hostile content.
Due to the announcement, AI tokens experienced a surge in value. Tokens like Fetch.ai and SingularityNET saw substantial gains in the market, contributing to a 5.2% increase in the overall market capitalization of the AI token sector. SingularityNET's AGIX token rose by over 11%, currently trading at $0.52, while Fetch.ai's FET token experienced a strong surge of up to 20%.
Another token that attracted attention during this period is Worldcoin ($WLD ), which offers a user identification solution through retina scanning. Worldcoin is developed by Tools of Humanity, a company co-founded by OpenAI CEO Sam Altman. The market capitalization of AI tokens now stands at $15 billion, with several other tokens in the sector also recording gains ranging from 5% to 10% in the previous 24 hours.
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