Worldcoin breaks into massive rally, climbs 25% overnight as OpenAI unveils Sora

Worldcoin WLD price rallied over 25% on Friday as parent OpenAI unveils its text to video tool Sora.
OpenAI has released the tool to experts in misinformation, hateful content and bias before a public rollout.
The text to video tool has generated hype across social media platforms and likely catalyzed double-digit gains for WLD.

Ekta Mourya FXStreet

OpenAI’s Worldcoin project’s WLD token has climbed over 25% in the past 24 hours. OpenAI unveiled its text to video tool in a series of tweets on X. CEO Sam Altman dropped the details on X, fueling anticipation among market participants and likely catalyzing gains in WLD.

Also read: XRP price hits $0.5590 riding the wave of Bitcoin price rally and surge in on-chain activity

OpenAI announcement sends WLD price rallying

US-based artificial intelligence research organization OpenAI unveiled their text to video AI model, Sora, that creates realistic and imaginative scenes from instructions. Sam Altman announced this through a tweet on X.

here is sora, our video generation model:https://t.co/CDr4DdCrh1

today we are starting red-teaming and offering access to a limited number of creators.@_tim_brooks @billpeeb @model_mechanic are really incredible; amazing work by them and the team.

remarkable moment.
— Sam Altman (@sama) February 15, 2024

The video generation tool is currently open for access by OpenAI’s red team members, experts on topics like misinformation, hateful content and bias. The organization is likely to offer Sora to the general public in a future release, similar to DALL.E.3.

OpenAI is the parent organization of Worldcoin. Sam Altman, CEO of OpenAI, is the founder of the WLD project as well. These close ties to the organization are likely the driving force behind WLD price rally on Friday.

WLD price climbed nearly 25% in the past 24 hours. WLD hit a high of $4.438 on Friday. The token’s gains are likely catalyzed by market participants’ anticipation of further development in Worldcoin and a response to Sora’s release.

WLD/USDT 1-day chart

Author

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.