{"id":5924,"date":"2023-04-12T12:45:36","date_gmt":"2023-04-12T12:45:36","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/12\/ai-focused-cryptogpt-secures-10m-funding\/"},"modified":"2023-04-12T12:45:36","modified_gmt":"2023-04-12T12:45:36","slug":"ai-focused-cryptogpt-secures-10m-funding","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/12\/ai-focused-cryptogpt-secures-10m-funding\/","title":{"rendered":"AI-Focused CryptoGPT Secures $10M Funding"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Zero-knowledge (ZK) layer 2 blockchain CryptoGPT has secured $10 million in funding through a Series A round, led by market maker DWF Labs. The funding has enabled CryptoGPT to have a $250 million valuation, as per a statement released.<\/p>\n<figure id=\"attachment_101604\" aria-describedby=\"caption-attachment-101604\" style=\"width: 1200px\" class=\"wp-caption alignright\"><picture decoding=\"async\" class=\"wp-image-101604 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-scaled.jpg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-300x169.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-768x432.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-100x56.jpg.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-150x84.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-450x253.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20675'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-101604 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-scaled.jpg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-300x169.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-768x432.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-100x56.jpg.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-150x84.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-450x253.jpg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-scaled.jpg\" alt=\"AI-Focused CryptoGPT Secures $10M Funding\" width=\"1200\" height=\"675\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-scaled.jpg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-300x169.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-1024x576.jpg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-768x432.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-100x56.jpg 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-150x84.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-450x253.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-101604\" class=\"wp-caption-text\">AI-Focused CryptoGPT Secures $10M Funding. Source: CryptoGPT<\/figcaption><\/figure>\n<h2><span id=\"CryptoGPT_Secures_10_Million_in_Funding_and_Plans_to_Expand\"><strong>CryptoGPT Secures $10 Million in Funding and Plans to Expand<\/strong><\/span><\/h2>\n<p>Dejan Erja, co-founder and CTO of CryptoGPT has stated that the funding will be used to expand the developer team globally and increase the company\u2019s regional presence in Asian markets. CryptoGPT aims to monetize user data across various sectors, such as fitness, dating, gaming, and education. Furthermore, the company intends to roll out non-fungible tokens (NFTs) that store the owner\u2019s activity data.<\/p>\n<p>The success of chatbot ChatGPT has positively impacted the <a href=\"https:\/\/nftevening.com\/ai-nft-artistry-explore-post-photographic-perspectives-now\/\" target=\"_blank\" rel=\"noopener\">AI-focused<\/a> cryptocurrency market. As a result, such cryptocurrencies have seen significant success since the start of the year. However, some analysts remain skeptical about the long-term sustainability of such tokens. They believe that the short-term price pumps are the result of opportunistic traders capitalizing on the hype.<\/p>\n<h2><span id=\"GPT_Token_and_Its_Position_in_the_AI-focused_Cryptocurrency_Market\"><strong>$GPT Token and Its Position in the AI-focused Cryptocurrency Market<\/strong><\/span><\/h2>\n<p>The team introduced the CryptoGPT\u2019s native token, <a href=\"https:\/\/coinmarketcap.com\/currencies\/cryptogpt\/\" target=\"_blank\" rel=\"noopener\">$GPT<\/a>, in March of this year. It currently boasts a market capitalization of just over $12 million. According to CoinGecko data, Fetch.ai\u2019s FET and SingularityNET\u2019s AGIX are among the other AI-focused cryptocurrencies with higher market capitalizations. Another AI-based project, ChainGPT ($CGPT), also conducted a very successful token sale by capitalizing on the AI trend.<\/p>\n<p>CryptoGPT claims that its ZK rollup <a href=\"https:\/\/nftevening.com\/guardianlink-announces-a-gas-free-layer-2-chain-for-nfts\/\" target=\"_blank\" rel=\"noopener\">layer 2 blockchain<\/a> is more scalable than Ethereum\u2019s mainnet, with higher-speed transaction throughput, lower gas fees, and smart contract support. Additionally, the company\u2019s data-to-AI engine encrypts data at the point of origin, which CryptoGPT believes improves data security during the transfer process.<\/p>\n<h2><span id=\"CryptoGPTs_Plans_for_NFTs\"><strong>CryptoGPT\u2019s Plans for NFTs<\/strong><\/span><\/h2>\n<p>CryptoGPT integrates ZK technology for private data transfers instead of payments, as stated in the announcement. The blockchain company believes that its broad objective is to allow users to earn money by monetizing their data across multiple sectors. The NFTs will store the owner\u2019s activity data.<\/p>\n<p>The company also plans to roll out NFTs that store an owner\u2019s activity data. The success of AI-focused cryptocurrencies since the start of the year is undeniable. However, some analysts remain skeptical about the long-term sustainability of such tokens, as they view the recent price pumps as short-term.<\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/ai-focused-cryptogpt-secures-10m-funding\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zero-knowledge (ZK) layer 2 blockchain CryptoGPT has secured $10 million in funding through a Series A round, led by market maker DWF Labs. The funding has enabled CryptoGPT to have a $250 million valuation, as per a statement released. AI-Focused CryptoGPT Secures $10M Funding. Source: CryptoGPT CryptoGPT Secures $10 Million in Funding and Plans to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/cryptogpt_secures_funding-scaled.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/5924"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=5924"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/5924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/5925"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=5924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=5924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=5924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}