EXCLUSIVE: Zero-knowledge layer 2 blockchain cryptogpt_token has cashed in on the recent surge in interest around AI to raise $10 million in funding. By JamieCrawleyCD
Zero-knowledge layer 2 blockchain CryptoGPT has cashed in on the recent surge in interest around artificial intelligence to raise $10 million in funding.
The Series A round, which was led by market maker DWF Labs - which has emerged as one of the most active investors during the crypto bear market - gave the AI-focused blockchain a $250 million valuation, according to a statement.CryptoGPT recently rolled out an Web3-focused AI assistant"Alex" and is developing its ZK rollup layer 2 blockchain and a data-to-AI engine, which collects, encrypts and transfers data for commercial applications.
"Instead of applying ZK technology to payments, CryptoGPT integrates it for private data transfers," CryptoGPT said in the statement on Monday. The proceeds of the new funding will be used to grow its developer team globally and build on its regional presence in the Asian markets, said Dejan Erja, co-founder and CTO of the AI-focused blockchain.
CryptoGPT's broad aim is to allow users to earn money by monetizing their data across fitness, dating, gaming and education. It also plans to roll out non-fungible tokens that store the owner's activity data.since the start of the year, thanks to the mainstream success of chatbot ChatGPT.
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