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Tuesday, November 28, 2023
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    bitcoin
    Bitcoin (BTC) $ 37,306.00
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    Tether (USDT) $ 1.00
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    Polygon (MATIC) $ 0.740985
    polkadot
    Polkadot (DOT) $ 5.19
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    TRON (TRX) $ 0.102153
    HomeAll CoinsBlockchainAI-Centered Blockchain CryptoGPT Secures $10M in Funding at $250M Valuation

    AI-Centered Blockchain CryptoGPT Secures $10M in Funding at $250M Valuation

    Because of the present rising curiosity in synthetic intelligence (AI), Blockchain CryptoGPT with Zero Information (ZK) Layer 2 has raised $10 million in funding.

    Market maker DWF Labs, rising as one of the vital energetic traders within the crypto bear market, leads sequence A spherical, valuing AI-focused blockchain at $250 million per launch gave

    CryptoGPT not solely builds a ZK rollup layer 2 blockchain and data-to-AI engine that collects, encrypts, and transmits information for industrial functions, but additionally an AI assistant focusing on Net 3. Alex” was additionally launched.

    In accordance with Dejan Erja, co-founder and chief know-how officer of the AI-focused blockchain, the funding from the brand new capital will assist develop the corporate’s developer employees internationally and develop its regional footprint in Asian markets. Used to strengthen the footprint.

    CryptoGPT’s predominant objective is to offer shoppers the power to earn cash by monetizing their information within the areas of health, relationship, gaming and schooling. Moreover, we plan to launch non-fungible tokens (NFTs) that maintain details about their holders’ actions.

    Curiosity in AI-focused cryptocurrencies has exploded because the starting of the 12 months, due to the widespread recognition of the chatbot ChatGPT.

    Nevertheless, there are large questions in regards to the long-term sustainability of such tokens, and a few say the latest surge is only a short-term rally pushed by shrewd merchants using on the hype. there’s.

    See also  Monero Ordinals Faces Group Backlash Over Anonymity Considerations

    In accordance with data supplied by CoinMarketCap, the market worth of CryptoGPT’s native token GPT, which launched in early March of this 12 months, is now simply over $12 million.

    Different AI-focused cryptos with a bigger market cap embody Fetch.ai’s FET and SingularityNET’s AGIX, in line with CoinGecko’s stats.

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