OpenAI launched the text-generating video AI model Sora, triggering the rapid rise of Worldcoin. What are the factors worth noting?

ShingW.eth
Webfreecast
Published in
5 min readFeb 20, 2024

OpenAI’s latest AI model, Sora, attracted widespread attention over the weekend. Users only need to enter keywords and instructions, and Sora can automatically generate stunning videos. The resulting images are of high quality and, with a few fine-tuning of details, are essentially ready for commercial use.

The launch of Sora has had a positive impact on Worldcoin, the cryptocurrency project co-founded by OpenAI CEO Sam Altman. After Sora was announced, the price of Worldcoin rose sharply in just 8 days, reaching a maximum of $8, an increase of nearly 225%. At the same time, the AI-related project sector also experienced a large increase, highlighting the huge influence of OpenAI.

However, it is worth noting that this rapid price increase may be affected by short-term market sentiment and heat, and investors should remain vigilant. While paying attention to this incident, you should also pay attention to the volatility of the market and the actual value of related projects. Next, let me share the information and opinions I have seen.

Worldcoin continuously releases good news, driving the rise of the hot AI track. At the same time, investors also need to make careful assessments.

After the launch of the Sora model, Worldcoin announced a series of good news, including the number of users of its encryption wallet project “World App” exceeding 1 million, and the launch of a bug bounty program to improve the usage environment. These initiatives have effectively increased Worldcoin’s visibility and popularity, attracting the attention of more investors. When following market enthusiasm and news, investors should remain cautious, avoid FOMO in AI, and pay attention to market fluctuations and the actual value of related projects. However, in this environment, there are two points that I think are worth paying attention to:

Project Description

Worldcoin is a project with UBI (Universal Basic Income) as its core, aiming to eliminate poverty globally and enable everyone to enjoy the minimum basic living security. However, the introduction of iris scanning technology into the project caused controversy when it was launched. It was believed that the related technology involved personal privacy issues, and even triggered an investigation by the Office of the Privacy Commissioner of Hong Kong.

In addition to iris scanning technology, the actual effectiveness of the project has also been questioned. Although the goal of Worldcoin is to reduce the impact of poverty, some people take advantage of the knowledge gap and use money to buy relevant irises from people with lower education levels to earn Worldcoin, which has not fully benefited these people living in poor areas.

In addition, the project’s token distribution has also been questioned. The project party retained 25% of the total tokens for the project team and investors, causing controversy over the uneven distribution of tokens. When following the craze of rising Worldcoin prices, we should carefully understand and evaluate factors such as project content, execution methods, and token allocation.

Worldcoin prices are soaring, investors should choose their time to participate carefully

Worldcoin ushered in a crazy rise this weekend, accompanied by a series of good news, attracting market attention. However, immediately after the price rose to $8, it experienced a 15% correction. For those investors who entered the market due to FOMO, they may now be facing a certain risk of loss.

Although the launch of OpenAI has led to the rise of the entire AI track, it may not be a wise move for investors to blindly follow the trend just because of the news. It is recommended that investors who are optimistic about the AI ​​​​track or Worldcoin can consider waiting for the price to fall back before making layout choices to reduce risks. Entering the market now may face the risk of being trapped. Carefully evaluating market conditions and waiting for the appropriate opportunity are important principles for investment.

Sora and Worldcoin combine innovative possibilities. What are the possible development directions?

Sora and Worldcoin are projects co-founded by OpenAI CEO Sam Altman and are dedicated to automatically generating videos and creating digital identities respectively. Merging these two projects could open up an exciting future, and we can’t help but wonder, is it possible to create a set of self-produced films of one’s own?

With the launch of Apple Vision Pro, the continuous advancement of technology has brought us more room for imagination. Sometimes I even feel like I’m in a Technological Singularity. With the rapid development of AI and technology today, we are faced with unlimited possibilities. If the two projects Sora and Worldcoin can be combined to create new value, such as personal videos, AI images, autobiographies and even movies, I believe there will be more heated discussions in the field of AI and Web3. Let us look forward to the innovative possibilities of this combination and explore the development of independent production of personal films in the future.

Based on the above, I am full of expectations for the potential of Worldcoin in the future and believe that it is expected to bring us considerable benefits in the fields of AI and Web3. However, when making investments, we must carefully choose the appropriate time, have an in-depth understanding of the content of the relevant projects, and be sure to adopt the principle of DYOR (Do Your Own Research). I personally have full confidence in the future development of AI and the opportunities it brings, but if you consider investing money in it, you also need to think carefully. We look forward to the future development of AI and Web3 fields, which will bring more opportunities to investors.

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ShingW.eth
Webfreecast

Weekly updates on cryptocurrency news and provide personal insights and analysis on WEBFREE CAST. https://x.com/Shingwong331