- The platform empowers users to monetize their data across various industries, using zero-knowledge proofs for secure data transfers.
- CryptoGPT has launched an AI assistant, “Alex,” and plans to roll out non-fungible tokens (NFTs) for further data monetization.
- CryptoGPT’s mainnet is scheduled to go live in the third quarter of this year.
CryptoGPT, a zero-knowledge layer 2 blockchain network designed to leverage artificial intelligence (AI), has successfully raised $10 million in a Series A funding round led by DWF Labs. The investment puts the company’s token valuation at an impressive $250 million. This promising blockchain network aims to provide users with the ability to own and monetize their data through a secure and efficient platform.
Empowering Users to Monetize Their Data
CryptoGPT was founded in July 2022 to enable users to profit from their data by providing AI-focused companies with the information necessary for training their models. The platform utilizes zero-knowledge proofs, an innovative blockchain scaling technology, to record, encrypt, and anonymize user data, subsequently offering it for sale on a global marketplace.
The company offers an ecosystem of apps across various industries, including fitness, music, gaming, dating, travel, and more. These apps enable users to opt into monetization, incentivizing them to take control of their data. CryptoGPT’s data-to-AI engine collects user data and places it on the marketplace, where it can be sold to industries looking to train AI models. Users, in turn, are compensated for their activity.
Pioneering AI-Focused Blockchain Solutions
One of CryptoGPT’s notable recent achievements is the launch of their AI assistant, “Alex.” Alex is described as a “public library of the internet, powered by OpenAI models.” The company has released two versions of Alex, one for desktop and another for mobile. Additionally, users can access a virtual private network that allows them to activate AI data monetization through the blockchain network.
CryptoGPT’s native token, GPT, was issued in early March and currently boasts a market cap of over $12 million, according to CoinMarketCap data. The growing interest in AI-focused cryptocurrencies, driven in part by the mainstream success of chatbot ChatGPT, has contributed to the heightened attention on CryptoGPT’s project.
What’s Next for CryptoGPT?
With the funds secured in the Series A round, CryptoGPT has ambitious plans for growth and expansion. The company aims to grow its developer team, which currently consists of 22 members, and establish a more significant presence in the Asian market.
CryptoGPT’s mainnet is scheduled to go live in the third quarter of this year, marking a significant milestone for the company. Furthermore, the platform has plans to roll out non-fungible tokens (NFTs) that store owner’s activity data, providing users with even more opportunities to monetize their information.
CryptoGPT’s successful Series A funding round is a testament to the growing interest and potential in AI-focused blockchain projects. CryptoGPT is well-positioned to become a leader in the rapidly evolving AI and blockchain industries by providing users with an innovative platform to own and monetize their data. As the mainnet launch approaches and the company continues to expand its developer team and market presence, the future looks promising for CryptoGPT and its users.
