With the present surge of curiosity in Synthetic Intelligence (AI), Blockchain with Zero-Information (ZK) Layer 2, CryptoGPT has raised $10 million.

Market maker DWF Labs, which has turn out to be probably the most energetic traders within the cryptocurrency market, led a Sequence A spherical that valued the AI-focused blockchain at $250 million.

Along with growing ZK’s Layer 2 blockchain and data-to-AI engine that collects, encrypts, and transmits information for industrial purposes, CryptoGPT additionally launched Alex, an AI assistant for Internet 3.

In line with Dejan Erja, the blockchain co-founder and chief expertise officer with an AI focus, the brand new capital funds shall be used to broaden the corporate’s developer employees internationally and strengthen its regional footprint in Asian markets.

The primary objective of CryptoGPT is to allow customers to monetize their information within the health, courting, gaming and training sectors. As well as, it intends to concern non-fungible tokens (NFTs) that retailer details about the proprietor’s actions.

Curiosity in synthetic intelligence-focused cryptocurrencies has grown because the begin of the 12 months because of the large reputation of chatbot ChatGPT.

Nonetheless, there are severe doubts concerning the long-term sustainability of such tokens, because the current massive value will increase are believed to be nothing greater than short-term value will increase by shrewd merchants who create hype.

CryptoGPT’s native token GPT, which was launched in early March of this 12 months, now has a market capitalization of simply over $12 million, in response to info offered by CoinMarketCap.

In line with CoinGecko statistics, another AI-focused cryptocurrencies with the next market cap embody Fetch.ai’s FET and SingularityNET’s AGIX.