CryptoGPT, a zero-knowledge layer 2 blockchain network, is poised to revolutionize the world of artificial intelligence (AI) by enabling users to own and monetize their data. With a recent $10 million Series A funding round led by DWF Labs and a valuation of $250 million, CryptoGPT is well on its way to making waves in the trillion-dollar AI and data market.
A Scalable, Decentralized Solution for AI Development
CryptoGPT's unique layer-2 blockchain solution is designed to leverage the success of AI by allowing users to own and monetize their data via its blockchain network. The platform is built using zkRollup technology, which provides the necessary scalability for rapid onboarding of developers and users while ensuring that the network remains free from centralized control.
Developers of lifestyle, music, gaming, dating, travel, and other apps are joining CryptoGPT's ecosystem to unlock a new source of data income. With over 2 million active users, CryptoGPT already hosts a wide range of apps, making it one of the largest blockchains at launch.
Funding and Growth
CryptoGPT recently raised $10 million in a Series A funding round led by DWF Labs, a web3 investment firm that also serves as a market maker for the platform's native GPT token. With an initial investment of $420,000, DWF Labs plans to invest the remainder of the funding over 285 days, following a vesting schedule outlined in CryptoGPT's tokenomics.
These funds will be used to expand the developer team, currently comprised of 22 members, and grow CryptoGPT's presence in Asia. Prior to this funding round, the platform raised $3 million in a token round via DAO Maker.
The First Sustainable 'To Earn' Ecosystem in Web3
CryptoGPT aims to be the first sustainable 'to earn' ecosystem in Web3 history, enabling users to earn income from their data sold in the global data marketplace. The platform's GPT token serves as the first of its kind multi-value gas token, with income derived from various sources, including gas fees, core app income, GPT data market revenue, and data capsule NFT sales.
By creating a sustainable ecosystem that pays users for contributing data, CryptoGPT offers a unique solution to the issues faced by other 'to earn' tokenized startups, which often struggle with infinite token inflation and lack a strong foundation of revenue to back payouts to users.
Unlocking the Potential of the AI and Data Market
CryptoGPT is targeting the trillion-dollar AI and data market, which has seen the rise of Big Tech players like Meta, Google, and Amazon, who have built their businesses on monetizing user data. By offering a decentralized solution that allows users to directly benefit from the monetization of their data, CryptoGPT is tapping into an untapped source of income and disrupting the traditional data market.
The platform's mainnet is expected to launch in the third quarter of this year, signaling a significant milestone for CryptoGPT as it continues to develop and grow its user base.
Conclusion
CryptoGPT is set to revolutionize the AI and data market by offering a scalable, decentralized, and sustainable solution for users to own and monetize their data. With a solid foundation in blockchain technology and a strong focus on user empowerment, CryptoGPT is well-positioned to disrupt the status quo and pave the way for a more equitable, user-driven data economy.
Juliette Twain: Jun 19, 2023 11:48:10 AM
