Sora drives the rise of AI-related cryptocurrencies

Author: Mia, ChainCatcher

With the end of the Spring Festival holiday, a technological revolution has arrived in the global AI field. OpenAI has released the video generation model Sora, which not only achieves a leap in AI video generation capabilities but also pushes the industry's ceiling to new heights. Meanwhile, Google is also making strides by launching the Gemini 1.5 Pro model based on the MoE architecture, which not only inherits the advantages of its predecessor but also achieves significant optimizations in algorithm efficiency and cost control, further promoting the vigorous development of the AI field. Driven by this series of technological innovations, the AI crypto asset sector has also ushered in unprecedented prosperity.

As AI technology continues to advance and innovate, investor confidence in AI-related crypto assets is steadily increasing, driving rapid price rises for these assets. Under the momentum of this wave of AI enthusiasm, AI-related crypto assets have entered a new era of explosive growth.

Among them, AI tokens led by WLD, AGIX, and RNDR have stood out, becoming the hottest investment focus in the current market.

WLD

As a flagship product in the AI sector, Worldcoin was developed by OpenAI founder Sam Altman, aiming to become the largest and most inclusive cryptocurrency network in the world. Currently, the Worldcoin protocol, World ID, WLD token, and World App are available globally (in legally permitted regions).

Since February 15, the price of WLD has started to surge, rapidly increasing from around 3 USDT to break through the 6 USDT mark, and after approaching a high of 8 USDT yesterday evening, as of the time of writing, it has stabilized around 7.3 USDT, with a 24-hour increase of 18.48% and a 7-day increase of 181%.

According to the latest news, Worldcoin is preparing to launch its operations in Singapore. Worldcoin CEO Alex Blania and Product Director Tiago Sada have previously stated that they view the Asian market as a strategic area for Worldcoin's development. In the latest update of the World App, Chinese (Simplified), Hindi, Japanese, and Korean will be added as available languages, and it will support the display of currencies such as Indian Rupees, Japanese Yen, Korean Won, and Singapore Dollars to meet the demands of the Asian market. According to the latest official data, the daily active users of its first wallet, World App, have exceeded 1 million.

AGIX

As another leader in the AI sector, the performance of the AGIX token is also impressive. SingularityNET is a decentralized AI platform and marketplace, with the primary goal of building a protocol that connects artificial intelligence and machine learning tools to create efficient applications. This platform officially launched on the Cardano network in May 2021, playing an important role in the foundational aspects of building AGI and promoting the establishment of an organizational ecosystem. This ecosystem aims to provide various AI services while creating a wide range of application scenarios for the AGIX token.

After reaching a high of 0.58 USDT yesterday afternoon, as of the time of writing, the current price is around 0.51 USDT, with a 24-hour increase of 6.96% and a 7-day increase of 71.19%.

Currently, SingularityNET is developing multiple vertical markets to further expand its products and services. These markets include decentralized finance (DeFi), robotics, biotechnology and longevity, gaming and media, arts and entertainment (music), and enterprise-level AI. Through the development of these derivative products, SingularityNET is striving to push its AI platform into broader application areas, providing users across various industries with more diversified and efficient solutions.

RNDR

The RNDR token has also become a star of this AI wave. Render Network ($RNDR) is a decentralized GPU rendering network aimed at advancing the next generation of rendering and AI technology, allowing artists to scale GPU rendering work on demand to high-performance GPU nodes around the world, currently collaborating with well-known companies such as Stable Diffusion and Netflix. The total supply of RNDR tokens is 530 million, with a circulating supply of 374 million, and a market cap of approximately 1.5 billion USD.

RNDR reached a high of 6.4 USDT, and as of the time of writing, it has stabilized around 6.2 USDT, with a 24-hour increase of 3.96% and a 7-day increase of 32.15%. Notably, RNDR has successfully broken through the long-term resistance level of 5 USDT and surpassed the key level of 6 USDT.

Currently, RNDR is not only involved in the AI field but is also deeply engaged in multiple tracks such as the Solana ecosystem. Additionally, as a VR partner of Apple, RNDR undoubtedly has enormous market potential, and the market will react to any developments regarding Apple's subsequent VR devices.

Fetch.ai

Fetch.AI is a project launched in the second phase of Binance Launchpad, which is a peer-to-peer, AI-driven protocol. Through this protocol, components such as data, hardware, services, and infrastructure within the network can undergo AI data analysis and processing. Users can also receive corresponding value returns while participating in data interactions.

FET reached a high of 1.03 USDT, and as of the time of writing, it has stabilized at 0.98 USDT, with a 24-hour increase of 7.08% and a 7-day increase of 52.22%.

As the core trading medium within the Fetch.AI ecosystem, FET is not only a tool for paying protocol service fees, but users can also participate in network operations by staking FET. The total supply of FET is 1.15 billion, while the current circulating supply is 1.04 billion.

According to its block explorer, the protocol currently has 70 active validation nodes, and 296 million FET have been staked, accounting for 26.71% of the total supply.

Summary

With the emergence of top models like Sora, AI multimodal applications are gradually shaping a new paradigm for digital content production and interaction. From the visual industry to the content consumption market, the widespread application of AI technology is bringing disruptive changes to various sectors while nurturing unprecedented growth opportunities. Meanwhile, the strong performance of related AI crypto sectors further confirms the close linkage between market dynamics and technological advancements.

Driven by continuous technological breakthroughs and rising market enthusiasm, investors need to closely monitor market dynamics and technological development trends while enjoying the benefits of technology, in order to better seize investment opportunities and address potential risks.