The world of artificial intelligence (AI) witnessed a significant development this week with the launch of OpenAI’s “Sora” project, a text-to-video model that can produce high-resolution videos based on simple commands. This groundbreaking innovation caused ripples in the crypto world. Because it caused an increase not only in Livepeer (LPT) and SingularityNET (AGIX), but also in many artificial intelligence-focused altcoins. Here are 7 artificial intelligence coins that are on the rise
Sora entered the market! LPT and AGIX increased
Sora’s ability to create detailed scenes, complex camera movements, and realistic characters with emotions has captured investors’ imaginations, increasing anticipation for its potential applications. Livepeer, a decentralized video streaming network, immediately recognized the importance of the project. It then announced its intention to integrate text-to-video technology into its platform. Livepeer made the following statements:
Today, OpenAI unveiled its research advances on its Sora generative video AI model with some impressive demonstrations. This helps show the world how powerful generative video can be, and progress on open models is moving faster than ever before. However, creating these videos requires huge GPU (graphics processing unit) computing power and can be expensive. As part of Livepeer’s AI Video initiative, the community is working to bring these capabilities to the Livepeer network in the coming months, creating affordable and open access points for developers, creators, and users who want to do inspiring things with productive video.
This announcement further fueled the LPT rally. Because its price increased by a staggering 83.9% in a single day. SingularityNET, a blockchain-powered marketplace for AI services, also rose. In particular, it experienced a significant price increase, with an increase of over 31%.
Five other rising AI coins
AI industry concept coins as a whole have experienced a notable upward trend:
- AI is currently trading at $1.8112, increasing by 20.03% in 24 hours.
- RLC is currently trading at $3,196, increasing by 21.34% in 24 hours.
- OCEAN is currently trading at $0.6532, increasing by 19.09% in 24 hours.
- WLD is up 16.06% in 24 hours and is currently trading at $5,238
- FET is currently trading at $0.8045, increasing by 12.64% in 24 hours.
The initial excitement led to a slight pullback in some altcoin prices. But the underlying sentiment remains positive. The possibility that affordable, accessible generative video technology will democratize content creation is a powerful motivator. Livepeer’s AI Video initiative, which aims to bring these capabilities to its network, further highlights the real-world application potential.
OpenAI’s success draws attention
Beyond immediate price movements, OpenAI’s success highlights the rapid advances in artificial intelligence research. The ability to produce high-quality videos from text descriptions alone represents a significant step towards a future where AI-powered tools are seamlessly integrated into our creative efforts.
However, concerns remain regarding the enormous computing power required for such tasks. Additionally, responsible development and implementation will be crucial to ensure technology is used for good. The artificial intelligence environment is evolving rapidly. Moreover, OpenAI’s Sora project serves as a strong testament to their progress. The altcoin surge that followed shows investors’ confidence in the potential of this technology.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.