Over the past week, the AI token sector has experienced a surge in activity, with its total capitalization exceeding $15 billion, according to CoinGecko.
The growth is likely due to the excitement surrounding the presentation of OpenAI’s generative video neural network, Sora. The tool can generate video clips up to 60 seconds long with a resolution of up to 1080p based on simple text prompts.
The native coin of the decentralized AI services marketplace SingularityNET (AGIX) has increased by over 66% in the past week and is currently trading at $0.51.
Another project by Altman, Worldcoin (WLD), rose by 166% over the same period, reaching a new all-time high. At one point, WLD’s market capitalization exceeded $1 billion, but later adjusted to $920 million.
The native coin of the Fetch.ai (FET) platform increased by 46% over seven days, trading at $0.96. The project focuses on automating business tasks using artificial intelligence and machine learning in data processing and trading.
Other AI tokens showing positive dynamics include: RNDR (+25%), TAO (+18%), AKR (22%), and OCEAN (45%).
Humayun Sheikh, CEO and founder of Fetch.ai, told The Block that he expects the global use of artificial intelligence to grow exponentially. This, he believes, will also impact the blockchain industry.
“In particular, the decentralized architecture of the technology is well-suited for AI applications, laying the foundation for the widespread adoption of blockchain, which has so far been largely confined to financial applications,” Sheikh noted.
Earlier, ForkLog reported that an unknown user earned $176,000 on the new SORA token by investing about 0.049 ETH ($137).