How AI tokens like Sora reshape the blockchain and AI landscape?

On February 15, 2024, OpenAI announced the Sora model. This model can generate highly realistic videos based on text prompts.? It is opening up new horizons in the field of artificial intelligence and has received a great deal of attention from the community.

In this article, we delve into the underlying factors driving the hype around these tokens and examine the diverse applications of AI tokens.

How trader make 1280x profit on SORA tokens after OpenAI's Sora announcement

Soon after the announcement of Sora from OpenAI, the SORA token was listed on the decentralized exchange Uniswap V3.

This allowed a trader to get a 1280x return on his investment. With only $137 investment, he was able to turn it into $176,000 by buying and selling these tokens.

This is due to the sharp rise in the price of the SORA token, which was caused by the announcement of the AI model of the same name.

It is important to note that the SORA tokens listed on Uniswap are not directly related to OpenAI's Sora project of the same name. This situation perfectly illustrates how closely the worlds of blockchain and AI are connected.

AI-based blockchain tokens with $17B+?capitalization

The announcement of the new Sora model was a catalyst for the growing interest in AI tokens deployed on the blockchain, whose capitalization has already exceeded $17 billion.?Let's look at the rise of a few of them:

• The native token of decentralized marketplace AI service SingularityNET has added over 134% in the last 14 days and is now over $860 million in capitalization.

• The native token of the Fetch.ai project, which focuses on automating business tasks using AI and machine learning, grew by 97% over the same period and now has a capitalization of over $1.15 billion.

• The largest AI token in terms of capitalization, the Bittensor project's token has added 38% and is capitalized at $3.9 billion.

All of this is a very clear indication of the inseparability of blockchain technology and AI. This is because the decentralized blockchain architecture is ideal for AI applications and points to exactly this vector of development.

AI projects that will ignore this trend are likely to fall by the wayside in the future.

AI tokens usage

AI tokens that are represented on a blockchain such as Ethereum usually in the form of ERC-20 standard and have the following usage options:

• It can act as an internal token of AI project for settlements within its infrastructure;
• can provide their owners with the rights to manage the project through participation in DAO, rewarding users, making airdrops, etc.

But most importantly, it allows to raise capital for AI projects, due to the fact that these tokens can be listed on decentralized exchanges such as Uniswap. And this is exactly what opens up the opportunity to raise additional capital from the crypto market, which currently already exceeds $1.97 trillions.

In addition, the benefit of having your own crypto token in AI project is that it enhances the infrastructure of the project and allows you to gain new users by linking two of the most cutting-edge technologies that are changing the world.

What’s next?

AI X Blockchain is one of the most active trends right now, as evidenced by the amount of capital injected into these sectors.

Ready to harness the power of AI with your own custom token? Let's launch it together with Crypton Studio! Book a consultation now and propel your project into the $1.97 trillion blockchain market.

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The information presented in this article is the subjective opinion of the author and should not be considered a recommendation or a call to action.

The information presented in this article may be incomplete or not fully accurate and readers are advised to conduct their own research to confirm and supplement the information presented.

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Does not represent a financial or investment recommendation.