The leading AI focused Zero-knowledge (ZK) layer 2 blockchain, CryptoGPT has successfully raised $10 million in a Series A funding round led by DWF Labs. The latest funding has brought the platform’s valuation to $250 million.
Cryptogpt has announced on its Twitter account that it has secured a $10 million strategic investment from the biggest Asian market maker, with a focus on expanding into the largest Asian markets.
CryptoGPT has unveiled “Alex,” its AI assistant that focuses on Web3, while also developing a ZK rollup layer 2 blockchain and a data-to-AI engine. The engine collects, encrypts, and transfers data for commercial purposes. The platform aims to use ZK technology for private data transfers instead of applying it to payments.
With its focus on artificial intelligence and blockchain technology, CryptoGPT aims to allow its users to monetize their data in various industries, such as fitness, dating, gaming, and education. The platform is also planning to introduce NFTs that can hold activity data of the owners.
The platform aims to make data monetization accessible and user-friendly, enabling users to earn money by sharing their data.
The popularity of AI has surged in 2023, and many AI-related cryptocurrency and blockchain projects have seen a significant increase in value this year. According to cryptoslate.com, 77 AI-focused cryptocurrencies are worth $3.48 billion at the time of writing.
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