[ad_1]
A Layer two (L2) undertaking, known as Cryptogpt, which leverages ZK-rollup know-how and synthetic intelligence (AI), has introduced that its staff has raised $10 million in capital from a Collection A funding spherical. The crypto and AI agency disclosed that the brand new funds can be used to broaden into the biggest Asian markets, and the corporate now has a valuation of $250 million.
Cryptogpt Startup Raises $10 Million; Startup Now Has a $250 Million Submit-Valuation
Synthetic intelligence (AI) has turn into a well-liked topic in 2023 as AI initiatives, reminiscent of Midjourney and Chatgpt, together with many different packages, have seen a surge in demand. This has sparked a big rise in worth for plenty of AI-related cryptocurrency and blockchain initiatives this 12 months. Based on statistics from cryptoslate.com, on the time of writing, 77 AI-focused cryptocurrencies are price $3.48 billion.
On April 10, an L2 undertaking known as Cryptogpt introduced that it raised $10 million in a Collection A financing spherical. “Cryptogpt receives $10M strategic funding from largest Asian market maker to broaden into greatest Asian markets,” the Cryptogpt Twitter account advised 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 staff asserts that GPT is a multi-value gasoline token that has excessive demand as gasoline for community transactions. Over the previous 30 days, GPT has gained 41.64%, with 14.79% of the rise recorded in the course of 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 undertaking additionally launched a chatbot known as “Alex” in the course of the first week of March. “Cryptogpt releases 1st product: Alex, [a] key to infinite data of the web,” the staff stated on the time. “In the present day, we launch our AI chatbot Alex — your companion within the Cryptogpt ecosystem that may reply any query [and] full artistic 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 rising intersection between synthetic intelligence and cryptocurrency, and do you see this pattern 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
Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any injury or loss brought on or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.
[ad_2]
Source link
