The unveiling of OpenAI’s text-to-video AI model, Sora, on Thursday caused a surge in prices for Livepeer (LPT) and SingularityNET (AGIX). The Livepeer team has expressed interest in incorporating Sora’s capabilities into their blockchain protocol in the near future.
As a result of the announcement, LPT experienced an 80% increase in price, reaching over $14.80 and its trading volume rose by 3,300% in just 24 hours. SingularityNET also saw a spike in market activity, with a 25% increase in price and a 520% jump in daily trading volume.
OpenAI’s Sora is capable of creating highly detailed AI videos with complex camera motions, multiple scenes, and characters. This innovative technology has caught the attention of the cryptocurrency market as it opens up new possibilities for generative AI.
Livepeer, an open live video streaming protocol, is determined to make video creation more accessible and affordable for developers and creators. In line with this goal, the Livepeer team is working towards integrating Sora’s AI capabilities into their platform in the coming months.
The market response to this news has been positive, with LPT’s price soaring and SingularityNET’s market cap increasing by 8%. This showcases the growing interest in AI-related cryptocurrencies and their potential for growth.
Overall, the unveiling of Sora has sparked excitement in the cryptocurrency market, with the potential for further developments in the future. With the integration of this innovative technology, Livepeer and SingularityNET are poised to revolutionize the world of generative AI.
