A Layer two (L2) challenge, known as Cryptogpt, which leverages ZK-rollup expertise and synthetic intelligence (AI), has introduced that its group has raised $10 million in capital from a Sequence A funding spherical. The crypto and AI agency disclosed that the brand new funds can be used to increase into the most important Asian markets, and the corporate now has a valuation of $250 million.
Cryptogpt Startup Raises $10 Million; Startup Now Has a $250 Million Publish-Valuation
Synthetic intelligence (AI) has grow to be a preferred topic in 2023 as AI initiatives, comparable to Midjourney and Chatgpt, together with many different packages, have seen a surge in demand. This has sparked a big rise in worth for numerous AI-related cryptocurrency and blockchain initiatives this yr. In response to statistics from cryptoslate.com, on the time of writing, 77 AI-focused cryptocurrencies are value $3.48 billion.
On April 10, an L2 challenge known as Cryptogpt announced that it raised $10 million in a Sequence A financing spherical. “Cryptogpt receives $10M strategic funding from largest Asian market maker to increase into largest Asian markets,” the Cryptogpt Twitter account instructed its 243,200 social media followers. “New funding at a $250M valuation from DWF Labs positions $GPT each financially and strategically with probably the most established layer-2 developments in Web3,” the corporate added.
Cryptogpt’s L2 community makes use of a local token known as GPT, and the group asserts that GPT is a multi-value gasoline token that has excessive demand as gas for community transactions. Over the previous 30 days, GPT has gained 41.64%, with 14.79% of the rise recorded through the previous 24 hours. Statistics present there’s a circulating provide of three billion GPT, and the ERC20 model of GPT has 3,557 holders. Ten of the highest GPT holders command 82.95% of the circulating provide. On April 10, Cryptogpt’s native token was buying and selling for costs between $0.0672 to $0.0751 per unit.
The AI challenge additionally launched a chatbot known as “Alex” through the first week of March. “Cryptogpt releases 1st product: Alex, [a] key to infinite data of the web,” the group said at the time. “Right this moment, we launch our AI chatbot Alex — your companion within the Cryptogpt ecosystem that may reply any query [and] full inventive duties.” Cryptogpt additionally detailed that Alex is “powered by Openai fashions,” the corporate behind the favored AI utility Chatgpt.
What are your ideas on the growing intersection between synthetic intelligence and cryptocurrency, and do you see this development persevering with to develop sooner or later? Share your ideas about this topic within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons, Cryptogpt
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