AIFocused – Coin Network News https://coinnetworknews.com If it's coin, it's news. Tue, 11 Apr 2023 12:14:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets – Blockchain Bitcoin News https://coinnetworknews.com/ai-focused-cryptogpt-raises-10-million-in-series-a-funding-to-expand-into-asian-markets-blockchain-bitcoin-news/ https://coinnetworknews.com/ai-focused-cryptogpt-raises-10-million-in-series-a-funding-to-expand-into-asian-markets-blockchain-bitcoin-news/#respond Tue, 11 Apr 2023 12:14:57 +0000 https://coinnetworknews.com/ai-focused-cryptogpt-raises-10-million-in-series-a-funding-to-expand-into-asian-markets-blockchain-bitcoin-news/
AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company now has a valuation of $250 million.

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

Artificial intelligence (AI) has become a popular subject in 2023 as AI projects, such as Midjourney and Chatgpt, along with many other programs, have seen a surge in demand. This has sparked a significant rise in value for a number of AI-related cryptocurrency and blockchain projects this year. According to statistics from cryptoslate.com, at the time of writing, 77 AI-focused cryptocurrencies are worth $3.48 billion.

AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets
Cryptogpt’s GPT market metrics according to cryptoslate.com on April 10, 2023.

On April 10, an L2 project called Cryptogpt announced that it raised $10 million in a Series A financing round. “Cryptogpt receives $10M strategic investment from largest Asian market maker to expand into biggest Asian markets,” the Cryptogpt Twitter account told its 243,200 social media followers. “New funding at a $250M valuation from DWF Labs positions $GPT both financially and strategically with the most established layer-2 developments in Web3,” the company added.

AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets
Last month, Cryptogpt released a chatbot called “Alex.”

Cryptogpt’s L2 network uses a native token called GPT, and the team asserts that GPT is a multi-value gas token that has high demand as fuel for network transactions. Over the past 30 days, GPT has gained 41.64%, with 14.79% of the increase recorded during the past 24 hours. Statistics show there is a circulating supply of three billion GPT, and the ERC20 version of GPT has 3,557 holders. Ten of the top GPT holders command 82.95% of the circulating supply. On April 10, Cryptogpt’s native token was trading for prices between $0.0672 to $0.0751 per unit.

The AI project also introduced a chatbot called “Alex” during the first week of March. “Cryptogpt releases 1st product: Alex, [a] key to infinite knowledge of the internet,” the team said at the time. “Today, we release our AI chatbot Alex — your companion in the Cryptogpt ecosystem that can answer any question [and] complete creative tasks.” Cryptogpt also detailed that Alex is “powered by Openai models,” the company behind the popular AI application Chatgpt.

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ai, AI Blockchain, ALEX, Artificial Intelligence, Asian Markets, Blockchain, blockchain ecosystem, Blockchain Industry, chatbot, circulating supply, crypto community, crypto market, crypto space, Cryptocurrency, Cryptogpt, decentralized finance, Digital Assets, Digital Currency, DWF Labs, ERC20, Financing, Funding, gas token, GPT, Innovation, investment, L2 Blockchain, L2 project, Layer 2 Blockchain, market maker, network transactions, Openai models, Series A Funding Round, Social Media, startup, technology, token economy, token holders, Twitter, valuation, Web3, ZK-rollup technology

What are your thoughts on the increasing intersection between artificial intelligence and cryptocurrency, and do you see this trend continuing to grow in the future? Share your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptogpt

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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]]> https://coinnetworknews.com/ai-focused-cryptogpt-raises-10-million-in-series-a-funding-to-expand-into-asian-markets-blockchain-bitcoin-news/feed/ 0 AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation https://coinnetworknews.com/ai-focused-blockchain-cryptogpt-raises-10m-funding-at-250m-valuation/ https://coinnetworknews.com/ai-focused-blockchain-cryptogpt-raises-10m-funding-at-250m-valuation/#respond Mon, 10 Apr 2023 13:37:24 +0000 https://coinnetworknews.com/ai-focused-blockchain-cryptogpt-raises-10m-funding-at-250m-valuation/

“Instead of applying ZK technology to payments, CryptoGPT integrates it for private data transfers,” CryptoGPT said in the statement on Monday. The proceeds of the new funding will be used to grow its developer team globally and build on its regional presence in the Asian markets, said Dejan Erja, co-founder and CTO of the AI-focused blockchain.

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]]> https://coinnetworknews.com/ai-focused-blockchain-cryptogpt-raises-10m-funding-at-250m-valuation/feed/ 0 AI-Focused Crypto Protocol Fetch.ai Raises $40M to Deploy Decentralized Machine Learning https://coinnetworknews.com/ai-focused-crypto-protocol-fetch-ai-raises-40m-to-deploy-decentralized-machine-learning/ https://coinnetworknews.com/ai-focused-crypto-protocol-fetch-ai-raises-40m-to-deploy-decentralized-machine-learning/#respond Wed, 29 Mar 2023 15:27:33 +0000 https://coinnetworknews.com/ai-focused-crypto-protocol-fetch-ai-raises-40m-to-deploy-decentralized-machine-learning/

The investment comes after traders started to bet on the potential of AI and crypto, following the recent rise in popularity of AI-driven chatbots such as ChatGPT and image generation software DALL-E. Both of these are traditional software that do not use cryptocurrencies or blockchain, However, a spike in institutional interest in their parent company – OpenAI, which recently raised $10 billion from Microsoft at a $29 billion valuation – has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.

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]]> https://coinnetworknews.com/ai-focused-crypto-protocol-fetch-ai-raises-40m-to-deploy-decentralized-machine-learning/feed/ 0 AI-Focused ZK Layer 2 Blockchain CryptoGPT to Issue GPT Token Friday https://coinnetworknews.com/ai-focused-zk-layer-2-blockchain-cryptogpt-to-issue-gpt-token-friday/ https://coinnetworknews.com/ai-focused-zk-layer-2-blockchain-cryptogpt-to-issue-gpt-token-friday/#respond Thu, 09 Mar 2023 15:25:25 +0000 https://coinnetworknews.com/ai-focused-zk-layer-2-blockchain-cryptogpt-to-issue-gpt-token-friday/

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]]> https://coinnetworknews.com/ai-focused-zk-layer-2-blockchain-cryptogpt-to-issue-gpt-token-friday/feed/ 0 The Rise of AI-Focused Projects in 2023 – Blockchain Bitcoin News https://coinnetworknews.com/the-rise-of-ai-focused-projects-in-2023-blockchain-bitcoin-news/ https://coinnetworknews.com/the-rise-of-ai-focused-projects-in-2023-blockchain-bitcoin-news/#respond Sun, 29 Jan 2023 18:43:01 +0000 https://coinnetworknews.com/the-rise-of-ai-focused-projects-in-2023-blockchain-bitcoin-news/
Artificial Intelligence and Cryptocurrency: The Rise of AI-Focused Projects in 2023

Trends show that artificial intelligence (AI) will be a major topic in 2023, as data indicates a surge in interest. Since interest peaked and Microsoft invested billions into Chatgpt, demand for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto project Fetch.ai has seen its native token FET rise 212% in the past 30 days, and another AI project, Singularitynet, has seen it’s token AGIX increase 293% against the U.S. dollar.

There’s Been a Surge in Interest in AI-Focused Cryptocurrency Projects

During the week of Jan. 22-28, 2023, the worldwide Google Trends score for the term “AI” was 94 out of 100. In the first week of Dec. 2022, the search term reached its highest Google Trends score of 100. It’s safe to say that the world has become increasingly focused on artificial intelligence (AI) since the release of AI-infused art platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and others. In the past two months, the Openai platform Chatgpt or GPT-3 has become a widely used AI phenomenon.

Google Trends shows the worldwide score for the search term “Chatgpt” was 100 during the week of Jan. 22-28, 2023, and it has been rising since the first week of Dec. 2022. Reports also show that Microsoft has entered the third phase of its long-term partnership with Openai through a “multi-year, multi-billion dollar investment,” said to be as much as $10 billion in funding. The growing trend in artificial intelligence (AI) and demand for the technology has spilled over to blockchain projects integrating AI into their protocols.

For instance, a crypto asset created by the project singularitynet.io has seen its native token AGIX rise 293% in the past month. Although singularitynet (AGIX) was down more than 6% on Jan. 29, 2023, it has increased 17.5% over the past two weeks. The project aims to support the next generation of decentralized AI. Another blockchain-powered AI project, Vectorspace AI (vspb.science), has a token called VXV that has risen 95.9% over the past month. The Fetch.ai project has experienced similar demand over the past four weeks.

Over the past 30 days, the Fetch.ai project’s FET token has risen 212% against the U.S. dollar. The Fetch.ai team says the project creates “autonomous agent technology” for peer-to-peer applications with automation and AI capabilities, with or without direct blockchain access.” Another AI-based blockchain project, Ocean Protocol, and its OCEAN token have risen 130% against the U.S. dollar in the past 30 days. Ocean Protocol, named a technology pioneer by the World Economic Forum, aims to unlock data at scale through encrypted data monetization.

It is uncertain how long the demand for AI-based crypto assets and the popularity of these tokens will last. All of the AI-related crypto assets are currently ranked below the top 75 in terms of market capitalization and have recently seen price surges due to increased interest in AI/Chatgpt.

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AGIX, ai, AI/Chatgpt, Artificial Intelligence, Blockchain, Chatgpt, cryptocurrency projects, Dall-E, Deep AI, encrypted data monetization, FET, Fetch.AI, Funding, Google trends, increased interest, Interest, Jasper Art, long-term partnership, Market Capitalization, Microsoft, multi-billion dollar investment, multi-year, Nightcafe, OCEAN, Ocean Protocol, openai, Protocols, Singularitynet, singularitynet.io, Starry AI, Surge, technology pioneer, U.S. dollar, Vectorspace AI, vspb.science, VXV, World Economic Forum, worldwide score

What do you think is driving the surge in demand for AI-focused cryptocurrency projects? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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