CryptoGPT has recently launched its AI assistant, “Alex,” and is currently working on developing its ZK rollup layer 2 blockchain, as well as a data-to-AI engine. This engine is designed to securely collect and transfer data for commercial applications.
CryptoGPT launches AI assistant “Alex”
A blockchain with a layer 2 zero-knowledge (ZK) protocol has been developed. CryptoGPT has successfully secured $10 million in funding, capitalizing on the current wave of enthusiasm for artificial intelligence (AI).
According to a statement, an AI-focused blockchain has received a $250 million valuation after completing its Series A round. The round was led by market maker DWF Labs, which has become one of the most active investors in the crypto bear market.
CryptoGPT has recently launched a cutting-edge AI assistant named “Alex” with a focus on Web3 technology. The company is also working on developing its ZK rollup layer 2 blockchain and a data-to-AI engine that securely collects and transfers data for commercial applications.
According to a statement released on Monday, CryptoGPT has announced that it will be utilizing ZK technology for private data transfers rather than for payments. According to Dejan Erja, the co-founder and chief technology officer of the AI-focused blockchain, the newly acquired funding will be utilized to expand the developer team on a global scale and enhance its regional presence in the Asian markets.
The overarching objective of CryptoGPT is to enable users to make money by monetising their data across fitness, dating, gaming, and education. Additionally, it intends to launch non-fungible tokens (NFT) that preserve the owner’s activity data.
Since the beginning of the year, there has been a surge in interest in AI-focused cryptocurrencies due to the popularity of the chatbot ChatGPT. Nonetheless, there is skepticism regarding the long-term viability of such tokens, with some believing that the healthy gains they have experienced in recent months are merely a short-term price pump by opportunistic traders riding the hype.
At the time of this writing, CoinMarketCap data shows that GPT, CryptoGPT’s native coin, has a market cap of just over $12 million. GPT was released in early March of this year. According to data from CoinGecko, FET from Fetch.ai and AGIX from SingularityNET are two other AI-focused cryptocurrencies with bigger market caps.
Content Source: coindesk.com
The post CoinGecko Poll NFTs bought for utility, profit potential appeared first on NFT News Pro.