In the world of cryptocurrency, the altcoin Worldcoin is making waves today. The introduction of Sora, a tool by parent company OpenAI that converts text into video, has led to a 25% increase in the price of Worldcoin WLD today. WLD had shown the same increase in December. So, what could happen next for the cryptocurrency Worldcoin? Let’s delve into the details.
Sora Backs Worldcoin
OpenAI presented Sora to experts in misinformation, hate speech, and bias before going public. The text-to-video conversion tool has generated excitement on social media platforms. This development has likely catalyzed double-digit gains for WLD.
OpenAI made a series of tweets about the text-to-video conversion tool, with CEO Sam Altman revealing details on Twitter, fueling expectations among market participants and likely catalyzing gains for the altcoin WLD.
Details of OpenAI’s Announcement
US-based artificial intelligence research organization OpenAI introduced its AI model Sora, which creates realistic and creative scenes from instructions. Sam Altman announced this in a tweet on a specific date.
The video creation tool is currently only available to OpenAI’s experts on issues such as misinformation, hate speech, and bias. It is likely that the organization will offer Sora to the general public in a future version, similar to DALL.E.3.
Current State of WLD Price
It should not be forgotten that OpenAI is the main company behind Worldcoin. OpenAI CEO Sam Altman is also the founder of the WLD project. These close ties are likely the driving force behind the WLD price rally on Friday.
The altcoin WLD price has risen by approximately 25% in the last 24 hours. WLD reached a high level of $4.38 today. The token’s gains were likely catalyzed by market participants’ expectations of further developments in Worldcoin and as a response to the launch of Sora.
Let’s recall that the cryptocurrency faced controversy when it first hit the market. The retina scans performed by a device called Orb were criticized for personal data protection and privacy concerns. It should also be noted that as of writing this article, the WLD price was trading around $4.25. The critical level for WLD coin is at $4.78.
