- Worldcoin’s token WLD surged over 40% to $4.37 following OpenAI’s release of text-to-video AI Sora, gaining over 76% in the past week.
- Other AI-related crypto tokens like Bittensor’s TAO and Fetchai’s token also saw gains of 7% and 5% respectively after Sora’s launch.
- Investors see potential in combining AI and crypto, with blockchains helping decentralize AI models and store metadata to verify authenticity of AI-generated content.
Artificial intelligence (AI) tokens saw significant gains today following OpenAI’s release of Sora, a new text-to-video AI model. Worldcoin’s controversial token, in particular, jumped over 40% on the hype.
Worldcoin’s Meteoric Rise
Worldcoin’s native token, WLD, rose by over 40% today to trade around $4.37. This comes after a massive 76% gain over the past week. WLD now has a market capitalization firmly above $500 million according to Coingecko.
Worldcoin is a blockchain-based digital identity startup that uses physical orbs to scan users’ retinas and verify they are unique individuals. Sora is being called the “Hollywood Killer” for its impressive minute-long AI-generated videos.
Other AI Cryptos See Gains Too
Other crypto projects related to AI also saw gains following Sora’s launch. Bittensor’s TAO token rose 7% today to $6.56. Fetchai’s native token jumped to $0.51, marking a 5% increase.
Investors See Value in AI + Crypto
Some investors believe there is major potential in combining AI and crypto. Blockchains and their distributed ledgers could help decentralize AI models, reducing concentration of power. Storing AI content metadata on-chain can also help verify authenticity of generated images and videos.
While not definitively linked to Sora, these gains highlight crypto investors’ growing appetite for AI innovation. The recent wider crypto market rally likely also contributed.
