More

    AI Tokens Hit New Highs as Investors Bet on OpenAI’s Sora

    Published on:

    AI-related crypto tokens have soared over the past three days, fueled by optimism that OpenAI's new text-to-video generator, Sora, will help companies operating in this space increase profits.

    WorldCoin (WLD), the cryptocurrency project co-founded by OpenAI CEO Sam Altman, led the rally, surging more than 35% on February 19 to an all-time high of 8.02, according to market tracker data. reached the dollar. drop stub.

    The token has gained 202% in the past week, and some traders believe that WorldCoin, whose cryptocurrency wallet surpassed 1 million daily users on Sunday, February 18, will benefit from OpenAI's growth. I'm betting that I'll get it.

    Also read: Sora AI instantly generates eye-popping videos

    “AI that audits smart contracts”

    Graph GRT rose 23% to $0.26, while AKT, the native token of the Akash network, rose more than 13% to $4.05. Render (RNDR), Ocean Protocol's OCEAN, and Fetch.ai's FET all rose over 10%.

    LayerAI (LAI), the zero-knowledge (zk) layer 2 blockchain powering the AI ​​economy, has risen 30% in 24 hours to $0.0232 at the time of writing. AGIX, the open source protocol SingularityNet, soared 13% to $0.52.

    Little-known 0x0 rose 25% after Ethereum co-founder Vitalik Buterin tweeted that AI could be used to audit smart contracts. “One of the applications of AI that I'm looking forward to is using AI to formally verify code and find bugs,” he says. I have written.

    According to CoinGecko data, the market capitalization of tokens in the artificial intelligence sector reached $15.3 billion on Monday, February 19, up 7.6% on the day. Average trading volume is $2.2 billion.

    This rally is partially driven by a new AI model from OpenAI. sky, released on Friday, February 16th, sparked increased interest in the AI ​​market. You can create videos from text using Sora. The token is also rising in line with the broader crypto market.

    Bitcoin has hit a two-year high of $52,000 following the recent SEC approval of the Spot Bitcoin Exchange Traded Fund and ahead of the halving event scheduled for later this year. Ethereum (ETH) also hit a multi-year high, reaching $2,900 over the weekend.

    “AI has proven to be the most disruptive technological invention of our time, with data from PwC showing that AI could contribute up to $15.7 trillion to the global economy in 2030, compared to currently of China and India combined,” TokenFI said.as a developer report Written by CoinDesk.

    Related

    Leave a Reply

    Please enter your comment!
    Please enter your name here