Highlights:
- The project aims to fuel innovation at the intersection of AI and cryptocurrencies.
- CryptoGPT launched an AI assistant named Alex that can help users with crypto-related problems and is developing an AI data engine that collects, encrypts and transfers conditional data for business applications.
- Users can monetize their data in a variety of areas, including gaming, fitness, dating, education, and NFTs that store owner activity data.
The AI trend continues to boost the crypto market. CryptoGPT is one of the projects that want to turn investor interest into opportunities. Zk-rollup Layer 2 scaling solution CryptoGPT raised $10 million in funding with the help of an AI-focused project.
In particular, the Series A round led by market maker DWF Labs, which has invested in numerous blockchain projects over the past few years, has given CryptoGPT a value of $250 million.
Freeing up AI assistant Alex
CryptoGPT recently launched its AI assistant named Alex. This Web3-focused wizard has the ability to help users solve many crypto-related problems.
CryptoGPT is also developing an AI data engine that collects, encrypts and transfers conditional data for business applications. It seems that this project will be among the active and rare giants in the sector.
CryptoGPT issued a statement summarizing the latest situations on April 11. Speaking about using zero-knowledge technology for private data transfers instead of using it for micropayments, the project said it will use Series A funding revenue to grow its team of developers at the scale and develop its regional presence in Asian markets.
Make money with CryptoGPT
Users will be able to monetize their data in areas such as gaming, fitness, dating, and education, and earn revenue from that data. The project also plans to launch NFTs that store owner activity data.
With the popularity of OpenAI’s ChatGPT in recent months, AI-driven cryptocurrencies aim to spread these price increases over the long term. CryptoGPT’s goal is to maintain long-term success by developing good technologies. CryptoGPT doesn’t want to be just one of many useless projects that have AI in their name or description. Launched on March 10, the GPT token has a current price of $0.073 and a market cap of $20 million, according to our data. Although $GPT is not currently among the most valuable AI cryptos, it has good potential for the future.