AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

A Layer 2 (L2) project, called Cryptogpt, which leverages ZK-rollup exertion and artificial quality (AI), has announced that its squad has raised $10 cardinal successful superior from a Series A backing round. The crypto and AI steadfast disclosed that the caller funds would beryllium utilized to grow into the largest Asian markets, and the institution present has a valuation of $250 million.

Cryptogpt Startup Raises $10 Million; Startup Now Has a $250 Million Post-Valuation

Artificial quality (AI) has go a fashionable taxable successful 2023 arsenic AI projects, specified arsenic Midjourney and Chatgpt, on with galore different programs, person seen a surge successful demand. This has sparked a important emergence successful worth for a fig of AI-related cryptocurrency and blockchain projects this year. According to statistics from cryptoslate.com, astatine the clip of writing, 77 AI-focused cryptocurrencies are worthy $3.48 billion.

Cryptogpt’s GPT marketplace metrics according to cryptoslate.com connected April 10, 2023.

On April 10, an L2 task called Cryptogpt announced that it raised $10 cardinal successful a Series A financing round. “Cryptogpt receives $10M strategical concern from largest Asian marketplace shaper to grow into biggest Asian markets,” the Cryptogpt Twitter relationship told its 243,200 societal media followers. “New backing astatine a $250M valuation from DWF Labs positions $GPT some financially and strategically with the astir established layer-2 developments successful Web3,” the institution added.

Last month, Cryptogpt released a chatbot called “Alex.”

Cryptogpt’s L2 web uses a autochthonal token called GPT, and the squad asserts that GPT is simply a multi-value state token that has precocious request arsenic substance for web transactions. Over the past 30 days, GPT has gained 41.64%, with 14.79% of the summation recorded during the past 24 hours. Statistics amusement determination is simply a circulating proviso of 3 cardinal GPT, and the ERC20 mentation of GPT has 3,557 holders. Ten of the apical GPT holders bid 82.95% of the circulating supply. On April 10, Cryptogpt’s autochthonal token was trading for prices betwixt $0.0672 to $0.0751 per unit.

The AI task besides introduced a chatbot called “Alex” during the archetypal week of March. “Cryptogpt releases 1st product: Alex, [a] cardinal to infinite cognition of the internet,” the squad said astatine the time. “Today, we merchandise our AI chatbot Alex — your companion successful the Cryptogpt ecosystem that tin reply immoderate question [and] implicit originative tasks.” Cryptogpt besides detailed that Alex is “powered by Openai models,” the institution down the fashionable AI exertion Chatgpt.

What are your thoughts connected the expanding intersection betwixt artificial quality and cryptocurrency, and bash you spot this inclination continuing to turn successful the future? Share your thoughts astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptogpt

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