Token AI Sector Surges Following OpenAI's New Tool, Sora
A wave of AI tokens has shown significant growth following the launch of OpenAI's latest artificial intelligence tool, Sora.
Token AI Sector Surges Following OpenAI's New Tool, Sora. Image
As reported by Coin68, OpenAI, the creator of ChatGPT, recently unveiled its newest AI product named Sora. This tool can seamlessly transform text into hyper-realistic short videos, demonstrating surprising speed and quality.
Sora quickly became a hot topic across social media and tech forums. Some experts view this AI tool as a groundbreaking step forward for artificial intelligence. However, others express concerns about potential misinformation or adversarial uses that could arise from Sora's advanced capabilities.
Concurrently, AI tokens have experienced a resurgence. Many tokens in the sector saw notable gains in the past 24 hours, with Fetch.ai and SingularityNET leading the charge.
The market capitalization of the AI token sector increased by 5.2% compared to the previous 24 hours. Source: CoinGecko
AGIX, SingularityNET's token, surged over 11% in a single day and is currently trading at $0.52 USD. FET from Fetch.ai recorded one of the strongest increases, rising by 20% within the same timeframe.
The market capitalization of AI tokens now stands at $15 billion USD. Overall, other tokens in the sector have seen increases ranging from 5% to 10% compared to the previous 24 hours.
During this period, Worldcoin has also re-entered the discussion among enthusiasts. Worldcoin offers a unique user identification solution using iris scanning technology to distinguish between humans and AI entities. Developed by Tools of Humanity, a company co-founded by OpenAI CEO Sam Altman, WLD tokens have continually reached new highs throughout the day, currently trading at $7.51 USD.
