AI-Centered Blockchain CryptoGPT Secures $10 Million Funding at $250M Valuation

With the present enhance in curiosity in synthetic intelligence (AI), Blockchain with zero-knowledge (ZK) layer 2 CryptoGPT has raised $10 million in funding.

The market maker DWF Labs, who has emerged as some of the lively traders throughout the cryptocurrency bear market, led the Collection A spherical, which gave the AI-focused blockchain a $250 million valuation, per a launch.

Along with constructing its ZK rollup layer 2 blockchain and a data-to-AI engine, which gathers, encrypts, and transmits information for industrial functions, CryptoGPT additionally launched “Alex,” an AI assistant focused for Net 3.

Based on Dejan Erja, co-founder and chief know-how officer of the blockchain with an AI emphasis, the funds from the brand new capital can be used to develop the corporate’s developer employees internationally and strengthen its regional footprint within the Asian markets.

The primary purpose of CryptoGPT is to offer shoppers the power to become profitable by monetizing their information within the health, relationship, gaming, and academic sectors. Furthermore, it intends to launch non-fungible tokens (NFT) that maintain details about an proprietor’s exercise.

Due to the widespread recognition of the chatbot ChatGPT, curiosity in cryptocurrencies with an AI emphasis has exploded because the yr’s starting.

But, there may be vital doubt concerning the long-term sustainability of such tokens, with opinions that the substantial will increase they’ve seen lately are nothing greater than a short-term value increase by shrewd merchants using the hype.

Based on data offered by CoinMarketCap, the market worth of CryptoGPT’s native token GPT, which was launched in early March of this yr, is now barely over $12 million.

Based on CoinGecko statistics, a few of the different AI-focused cryptos with higher market caps embody Fetch.ai’s FET and SingularityNET’s AGIX.