AI Tokens Rally As OpenAI’s Sora Brings Renewed Hope
AI-related tokens have seen a surge in interest as OpenAI’s Sora, a text-to-video generator, was unveiled. The sector has seen an average increase of 7.7% in the past 24 hours, with Ocean Protocol’s OCEAN and Fetch.AI’s FET rising over 10%.
The CoinDesk 20 Index (CD20), a benchmark for the largest and most liquid cryptocurrencies, rose 2.68% in the same period. Worldcoin’s WLD, the highest among all AI tokens, reached a new lifetime peak at $7.
Ethereum co-founder Vitalik Buterin suggested AI could be used for auditing smart contracts, leading to lesser-known tokens 0x0 and TokenFi’s TOKEN rising up to 15%. Interest in AI-related tokens began to rise in early 2023, with ChatGPT and image generation software becoming popular.
(With inputs from Shikha Singh)
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