CryptoGPT plans to drive the AI revolution by rewarding users in native $GPT tokens for sharing their valuable data. Users can build their own data capsules and grant usage permission.
Crypto exchange Bitfinex adds support for $GPT tokens and will start its trading on March 10.
The cryptocurrency market has always stayed at the center of technological developments may it be Web3, NFTs, DeFi, and other things which have contributed to the healthy growth of the cryptocurrency market.
With Open AI solutions like ChatGPT gaining massive traction recently, a similar platform, a similar platform in the crypto space dubbed CryptoGPT is out in the market. CryptoGPT is nothing but a ZK Layer-2 blockchain network supporting the AI revolution.
It’s a unique platform that allows users to monetize their AI data thereby turning every task of their daily lives into a source of income. CryptoGPT has managed to gain massive traction upon launch. The $GPT blockchain currently hosts applications with 2 million plus monthly active users, which makes it one of the biggest blockchain networks at launch.
The development also makes CryptoGPT the first platform to merge the power of blockchain with Artificial Intelligence (AI). Data is the biggest asset currently and every big organization is looking to leverage it constructively.
With CryptoGPT, users can build their own data capsules which the AI development requests will use after the users’ permission. “Every person on the internet can use the CryptoGPT Launcher and immediately begin data capture of their app usage, on any ecosystem app,” it added.
The goal of building CryptoGPT is to decentralize data in the trillion-dollar AI market. Similar to ChatGPT, CryptoGPT stated that it is currently looking at mass retail adoption. It has already onboarded applications in gaming, fitness, education, travel and other verticals.
Bitfinex Adds Support for $GPT Token
On Wednesday, March 8, crypto exchange Bitfinex became one of the first global exchanges to announce support for CryptoGPT’s native token $GPT. Bitfinex said that one of the major reasons to support CryptoGPT was its unique ability to offer customers an opportunity to earn crypto for sharing their anonymized data using encrypted zero-knowledge proof technology.
Bitfinex predicts that going ahead, the CryptoGPT ecosystem will host decentralized applications (DApps). It will thus use its native $GPT tokens as payments in order to reward users in exchange for their data for using the DApps.
Additionally, $GPT serves as a multi-use token that works as “fuel” for transactions taking place on the CryptoGPT blockchain. Besides. $GPT tokens can also be used for liquidity events such as buybacks or burns. Speaking on the development, Henry Child, Head of Tokens at Bitfinex said:
AI is at the cutting edge of what technology truly can be, it is encouraging to see so many in Web3 not just embrace it, but in the case of CryptoGPT, completely disrupt it and potentially bring it back to individuals. We are very excited to introduce their native token, GPT, to Bitfinex’s fast growing customer base.
Bitfinex said that it would start deposits for $GPT tokens today onwards, March 9. Trading of $GPT on Bitfinex will start on Friday, March 10, against the US Dollar and Tether (USDT) tokens.
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