On February 15, OpenAI released the video generation model Sora. Users can get high-quality videos up to 1 minute through text prompts, which surprised the market. This tool breaks the limitations of the existing AI video generation field, far exceeding similar players in terms of generation time and video resolution. This has also allowed OpenAI to secure its throne in the field of artificial intelligence, and triggered market concerns that external applications that rely on the OpenAI model will eventually be defeated by OpenAI.

The emergence of Sora not only caused a storm in the field of artificial intelligence, but also caused variables in another field. WorldCoin, the digital currency spearheaded by OpenAI CEO Sam Altman, has seen its price rise by nearly 190% in the past seven days. As of press time, the currency has gained 27.17% in the past 24 hours alone.

Although the increase in world currency is not entirely driven by Sora,Since the release of Sora last Thursday, the price of Worldcoin has more than doubled. On the other hand, WorldCoin said that the number of users of its encrypted wallet project WorldApp has exceeded 1 million, which is regarded as a milestone moment and a major reason for the rise of the token.

Currently, the total market value of WorldCoin is rapidly approaching US$1 billion, ranking 88th in the market value ranking of tokens.

Crazy hype

The cryptocurrency industry has been booming in the past week, and AI tokens that claim to be related to artificial intelligence or are developing using artificial intelligence have gained a lot of favor, and World Coin is the leader among AI tokens.

What sets WorldCoin itself apart from other tokens is that it registers a unique digital identity for the user by scanning their iris and stores it on the blockchain.

And this function actually has nothing to do with Sora.

One of the reasons why investors are chasing WorldCoin is that Sora has inspired a new round of enthusiasm for AI tokens in the market, and WorldCoin is just one of the people riding the wave; another implicit reason is the market’s alternative bet on OpenAI and its founder Sam Altman.

Industry insiders are also very aware of the speculation motives behind this round of increases. The developers of TokenFi stated that artificial intelligence is the most disruptive technological invention of this era. By 2030, artificial intelligence will contribute up to 15.7 trillion US dollars to the global economy. That's why the market is crazy.

Even this sentiment is a bit too "superior". The reality is that Worldcoin has encountered privacy troubles in many places around the world due to iris scanning issues. Countries including Kenya, India, France and Brazil have raised data privacy concerns about the approach and are erecting regulatory hurdles. In addition, WorldCoin’s scanning method is said to have difficulty scanning Asian eyes.

Sora has its own challenges. The explosion of artificial intelligence has led to the endless emergence of fake pictures and fake news on the Internet. Once Sora is put into the market, fake videos will also flood social platforms. Therefore, Sora is currently undergoing security testing and is not available to the public.

Its sensitivity also makes the launch of Sora more difficult. Considering that this year is an important election year in Western countries such as Europe and the United States, governments are exhausted on how to ensure information security. Sora is certainly worth looking forward to, but in the short term, it may be difficult for people to see its commercial explosion.