AI Tokens Rally as OpenAI’s Sora Brings Renewed Hope to the Sector
Summary
Tokens related to artificial intelligence (AI) rallied after OpenAI unveiled its text-to-video generator Sora. Sector tokens increased by an average of 7.7%, with Ocean Protocol's OCEAN and Fetch.AI's FET rising over 10%. Worldcoin's WLD saw the highest increase among all AI tokens, surging 30% to a new lifetime peak of $7. Ethereum co-founder Vitalik Buterin's tweet about AI's potential role in auditing smart contracts boosted lesser-known tokens 0x0 and TokenFi's TOKEN by up to 15%. Interest in AI-related tokens, which first spiked in early 2023, has been reignited by Sora's launch. However, concerns remain about the practical use of tokens in AI systems, with many questions about their implementation and function yet to be answered.
