With the rising recognition of the text-based synthetic intelligence (AI) platform ChatGPT reviving the curiosity within the underlying know-how, its acceptance has spilled over into the cryptocurrency sector, as demonstrated by the latest launch of the CryptoGPT (GPT) coin.
Because it occurs, crypto trade Bitfinex introduced the itemizing of “GPT, the native token of CryptoGPT, an Ethereum-based, layer 2 blockchain dedicated to Artificial Intelligence (AI) development and to decentralizing the AI & data market,” because the crypto buying and selling platform defined in a press launch revealed on March 8.
What’s CryptoGPT?
In accordance with the press launch, “CryptoGPT bills itself as a crypto ecosystem driven towards collecting data for the purpose of AI development,” in addition to aiming to “offer customers an opportunity to earn crypto for sharing their anonymized data using encrypted zero-knowledge proof technology.”
“This aims to preserve user anonymity while capturing the necessary data points to be used in building AI models across manufacturing, biotech, education, and other industries,” the trade mentioned.
On prime of that, the CryptoGPT ecosystem goals to permit for constructing decentralized apps (dApps) on it, with the GPT tokens performing as cost for the information the community receives from customers when utilizing these dApps, in addition to to ‘fuel’ transactions on the Cryptocurrency ledger and in liquidity occasions like buy-backs or burns.
Shortly after this announcement, different crypto platforms have began leaping on the CryptoGPT itemizing bandwagon, together with PancakeSwap (CAKE), Bybit, Gate.io (GT), Uniswap (UNI), MEXC, and Bitget (BGB), because the staff behind the undertaking careworn on its official Twitter web page on March 9.
CryptoGPT value evaluation
After its itemizing on these exchanges, the CryptoGPT value climbed over 30% to $0.04943, recording a 24-hour buying and selling quantity of $256 million and a self-reported market capitalization of practically $14 million, in accordance with the information retrieved from crypto monitoring platform CoinMarketCap on March 10.
On the identical time, accounts claiming to be associated to the brand new AI token have flooded the Twitter crypto sphere, along with the assorted trending Twitter hashtags associated to it, corresponding to ‘Download CryptoGPT,’ and the like.
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