- Artificial Intelligence (AI)-focused blockchain CryptoGPT has raised $10 million in funding, giving it a valuation of $250 million.
- Also, CryptoGPT (GPT) will become the first AI token to go live on Bithumb, South Korea’s largest fiat-supported exchange.
CryptoGPT Raised $10 Million Funding
CryptoGPT, a blockchain platform focused on AI, has secured $10 million in a Series A funding round led by DWF Labs. This has given the company a $250 million valuation. The company intends to utilize the funds to grow its development team and increase its presence in Asia.
CryptoGPT allows users to earn money by allowing it to collect data about their preferences and behavior while they use apps. The data is then sold in a larger market, where companies can purchase it to train their AI models. In exchange for sharing their data, users get paid.
CryptoGPT employs zero-knowledge-proof technology for data transfers between users and commercial applications. The purpose of CryptoGPT is to provide users with an opportunity to earn money from their data by utilizing multiple industries and introducing non-fungible tokens (NFTs) to store activity data.
The project recently launched its new chatbot, “Alex,” which is quite similar to its ChatGPT counterpart.
CryptoGPT aims to use Web3-based AI assistant “Alex”, ZK rollup layer 2 blockchain, and a data-to-AI engine to securely collect, encrypt, and transfer user data for commercial purposes.
CryptoGPT (GPT) listing on Bithumb
CryptoGPT will soon be available in South Korea following its official listing on the Bithumb cryptocurrency exchange.
GPT is already available on popular trading platforms like Bitfinex, BingX, Bybit, and Bitget. Now, CryptoGPT has announced that GPT will be officially listed on South Korea’s largest fiat-supported exchange. This listing is a major milestone and could result in over 10 million Korean users having access to GPT.
CryptoGPT (GPT) will become the first AI token to be listed on Bithumb, a major South Korean cryptocurrency exchange. This listing could potentially result in a large surge in GPT as the AI2Earn economy develops.
According to CryptoGPT, the Layer 2 project has already gained 1.3 million users, and upcoming events in Seoul this week are expected to further increase its popularity.
Also, the company aims to collaborate with various government departments to increase the use of its products.
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