Zero-knowledge proof (ZK) layer-2 blockchain CryptoGPT raises $10 million in Series A funding amid growing interest in artificial intelligence conversion) was procured.
The round was led by market maker DWF Labs, with CryptoGPT valued at $250 million, according to a statement.
CryptoGPT recently unveiled its Web3-focused AI assistant, Alex, and is developing a layer-2 blockchain and AI engine that collects, encrypts, and transfers data for commercial applications.
“Instead of applying ZK technology to payments, CryptoGPT leverages it for private data transfers,” the company said in a statement on April 10.
“The newly raised funding will be used to expand our development team globally and establish a presence in the Asian market,” said co-founder and CTO Dejan Erja.
CryptoGPT aims to help users make money by monetizing data on fitness, dating, gaming, education, and more. It also plans to deploy an NFT that can store user activity data.
Interest in AI-focused crypto assets has increased since the beginning of this year, as conversational AI “ChatGPT” has attracted a lot of attention. However, some are skeptical about the long-term viability of these crypto assets, with some saying that the rally in recent months was just a short-term rally driven by traders riding on the hype.
According to data from CoinMarketCap, the market capitalization of ChatGPT’s native crypto asset GPT, which was issued in early March this year, is just over $12 million (approximately 1.61 billion yen, converted to 134 yen to the dollar) at the time of this writing. do not have.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: CryptoGPT website (capture)
｜Original: AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation