2024-02-21 02:24:02
Also owns bankrupt 3AC… “There are also factors that lower prices, such as the lifting of protection measures.”
World Coin, developed by Altman, soars in price due to positive news regarding Open AI ‘Sora’
Also owns bankrupt 3AC… “There are also factors that lower prices, such as the lifting of protection measures.”
(Seoul = Yonhap News) Reporter Cha Byeong-seop = While artificial intelligence (AI) developer OpenAI shocked the market by unveiling ‘Sora’ following ChatGPT, a virtual virtual machine developed by OpenAI CEO Sam Altman The price of the currency World Coin has also recently shown a sharp rise.
According to CoinMarketCap, a virtual currency information site, as of 10:45 a.m. on the 21st Korean time, the World Coin price was trading at around $6.83, up regarding 150% from a week ago.
Sora is an AI system that converts text into images. You can create a video from an existing image, expand an existing video, or fill in missing frames.
The World Coin price was around $2.9 to $3.0 just a week ago on the 14th, but following Open AI released Sora last week, the price of World Coin began to rise sharply, hitting $7.95 at one point on the 19th, but giving back some of the increase.
Accordingly, the market capitalization, which was around $300 million on the 14th, once exceeded $1 billion on the 19th, and also reached $900 million on the 21st.
World Coin is an iris recognition-based cryptocurrency developed by Tools for Humanity, a company co-founded by Altman, and officially launched in July of last year, according to virtual currency media outlets such as The Block and CoinDesk.
World Coin’s price has fluctuated depending on news related to Altman and OpenAI, and the price even fell when Altman was briefly kicked out as OpenAI CEO in November of last year.
However, it is pointed out that there is a need to be cautious regarding new investments as the World Coin price has fallen from its high point on the 19th and the rapid increase has subsided to some extent. The fact that the $165 million World Coin protection deposit (lockup) will be lifted from the 19th to the 26th (local time) is also considered a factor in the price decline.
In addition, the bankrupt virtual currency investment company Three Arrows Capital (3AC) and virtual currency exchange FTX are also presumed to be among the largest holders of WorldCoin, so this is comforting news for creditors of these companies, Bloomberg News added.
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Cha Byeong-seop
1708486796
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