CryptoGPT Raises $10M in Series A Funding Led by DWF Labs

CryptoGPT, a zero-knowledge layer 2 blockchain focused on artificial intelligence, has raised $10 million in a Series A funding round led by market maker DWF Labs, valuing the company at $250 million.

CryptoGPT, a zero-knowledge (ZK) layer 2 blockchain, has raised $10 million in a Series A funding round led by market maker DWF Labs. The funding round valued the AI-focused blockchain at $250 million, making it one of the most valuable blockchain projects in the market. CryptoGPT is leveraging the recent surge in interest around artificial intelligence (AI) to further its development and adoption. The funding will be used to expand the team, build out the platform, and increase the number of users. With the new funding, CryptoGPT is well-positioned to become a leader in the blockchain and AI space.

CryptoGPT has recently rolled out Web3-focused AI assistant “Alex” and is developing its ZK rollup layer 2 blockchain and a data-to-AI engine. The ZK technology is being used to facilitate private data transfers instead of payments. The new funding will be used to grow its developer team globally and build on its regional presence in the Asian markets. CryptoGPT is aiming to provide secure and private data transfers for commercial applications, and the new funding will help them achieve this goal.

CryptoGPT is a cryptocurrency that allows users to monetize their data across fitness, dating, gaming and education. It also plans to roll out non-fungible tokens (NFTs) that store the owner’s activity data. Interest in AI-focused cryptocurrencies has grown significantly since the start of the year, with ChatGPT’s mainstream success driving the hype. However, some are skeptical of the long-term viability of such tokens, believing that the recent price gains are nothing more than a short-term pump by opportunistic traders. CryptoGPT is a cryptocurrency that provides users with the opportunity to monetize their data and benefit from the potential of AI-focused tokens.

CryptoGPT’s native token GPT has a market cap of $12 million, according to CoinMarketCap. GPT is an AI-focused crypto token, and is one of the larger market-cap peers alongside Fetch.ai’s FET and SingularityNET’s AGIX, according to CoinGecko data. GPT was issued in early March this year and has since become one of the leading AI-focused crypto tokens. GPT is a great choice for investors looking to diversify their portfolios with an AI-focused crypto token. With its current market cap, GPT is a great option for those looking to invest in the AI-focused crypto space.

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Kassidy Florette
Kassidy followed her friends to buy her first Bitcoin in 2015, has been participating in various projects since 2019 as a marketing communication lead. Her knowledge and passion brings her in as a contributor.