HomeTrending NewsAI-focused blockchain CryptoGPT secures $10M in funding – NFT News Pro

AI-focused blockchain CryptoGPT secures $10M in funding – NFT News Pro


CryptoGPT has just lately launched its AI assistant, “Alex,” and is presently engaged on growing its ZK rollup layer 2 blockchain, in addition to a data-to-AI engine. This engine is designed to securely gather and switch information for business purposes.

CryptoGPT launches AI assistant “Alex”

A blockchain with a layer 2 zero-knowledge (ZK) protocol has been developed. CryptoGPT has efficiently secured $10 million in funding, capitalizing on the present wave of enthusiasm for synthetic intelligence (AI).

In response to a press release, an AI-focused blockchain has acquired a $250 million valuation after finishing its Sequence A spherical. The spherical was led by market maker DWF Labs, which has grow to be probably the most lively buyers within the crypto bear market.

CryptoGPT has just lately launched a cutting-edge AI assistant named “Alex” with a deal with Web3 know-how. The corporate can also be engaged on growing its ZK rollup layer 2 blockchain and a data-to-AI engine that securely collects and transfers information for business purposes.

In response to a press release launched on Monday, CryptoGPT has introduced that will probably be using ZK know-how for personal information transfers fairly than for funds. In response to Dejan Erja, the co-founder and chief know-how officer of the AI-focused blockchain, the newly acquired funding will probably be utilized to increase the developer staff on a world scale and improve its regional presence within the Asian markets.

The overarching goal of CryptoGPT is to allow customers to earn money by monetising their information throughout health, relationship, gaming, and schooling. Moreover, it intends to launch non-fungible tokens (NFT) that protect the proprietor’s exercise information.

Because the starting of the 12 months, there was a surge in curiosity in AI-focused cryptocurrencies because of the reputation of the chatbot ChatGPT. Nonetheless, there’s skepticism concerning the long-term viability of such tokens, with some believing that the wholesome positive factors they’ve skilled in latest months are merely a short-term value pump by opportunistic merchants using the hype.

On the time of this writing, CoinMarketCap information reveals that GPT, CryptoGPT’s native coin, has a market cap of simply over $12 million. GPT was launched in early March of this 12 months. In response to information from CoinGecko, FET from Fetch.ai and AGIX from SingularityNET are two different AI-focused cryptocurrencies with larger market caps.


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