CryptoGPT Raises $10M in Series A Funding with $250M Valuation
Blockchain technology is revolutionizing several industries, including finance, supply chain, and
gaming.
Now, AI-powered blockchain platforms are starting to gain traction in the market. One of the leading startups in this niche is CryptoGPT.
Recently, the company announced it had raised $10 million in funding to
grow its AI-focused blockchain platform, which is now valued at $250
million. The Series A round was led by market maker DWF Labs.
Introduction
Blockchain technology has been around for over a decade, and its applications have grown significantly in recent years.
One of the newest trends in the blockchain space is the emergence of AI-powered blockchain platforms.
These platforms combine the benefits of blockchain technology, such as immutability and security, with the power of AI, such as machine learning and natural language processing.
One of the leading startups in this niche is CryptoGPT. The company recently announced that it has raised $10 million in investment to expand its AI-focused blockchain platform.
The Series A investment, led by market maker DWF Labs, has increased the company’s valuation to $250 million.
CryptoGPT Receives $10M Strategic Investment from Largest Asia Market Maker to Expand into Biggest Asian Markets 🌎
— CryptoGPT | AI2Earn Event in Seoul (@CryptoGPT_org) April 10, 2023
New funding at a $250M valuation from @DwfLabs positions $GPT both financially and strategically with the most established layer-2 developments in web3.
👇 pic.twitter.com/kOQwy5IgZ5
CryptoGPT aims to create an ecosystem that combines AI and blockchain to develop innovative solutions for various industries.
What is CryptoGPT?
CryptoGPT is a blockchain platform that focuses on AI-powered solutions. The company was founded in 2020 by a team of experts in blockchain and AI technology.
The company’s mission is to create an ecosystem that combines AI and blockchain to develop innovative
solutions for various industries.
CryptoGPT is headquartered in the United States and has a global team of developers, researchers, and industry experts.
CryptoGPT’s Products and Services
CryptoGPT offers several products and services that leverage AI and blockchain technology.
One of its flagship products is a ZK rollup layer 2 blockchain, which provides faster transaction speeds and lower fees than the traditional Ethereum blockchain.
The company is also developing a data-to-AI engine that uses machine learning algorithms to extract valuable insights from large datasets.
Another innovative product from CryptoGPT is Alex, an AI assistant designed to help users navigate the CryptoGPT ecosystem.
Alex is powered by natural language processing and can understand and respond to user queries in real-time.
Alex is an essential component of the CryptoGPT ecosystem, providing users with a seamless and intuitive experience.
The Recent Funding Round
CryptoGPT recently announced it had raised $10 million in a Series A funding round led by market maker DWF Labs.
The funding round values the company at $250 million, a significant milestone for a startup that launched just a few years ago.
Other investors in the funding round included prominent venture capital firms and industry experts.
The investors are interested in CryptoGPT’s unique approach to combining AI and blockchain technology to develop innovative solutions for various industries.
The company’s ZK rollup layer 2 blockchain and data-to-AI engine are particularly attractive to investors, as they have the potential to disrupt several industries.
With the recent funding, CryptoGPT plans to expand its development team and presence in Asia.
The company aims to hire top talent from the blockchain and AI.
Read more about the recent partnership with @DwfLabs on @CoinDesk 👇https://t.co/VnkXiaCb2o
— CryptoGPT | AI2Earn Event in Seoul (@CryptoGPT_org) April 10, 2023
CryptoGPT’s native token GPT
The platform launched its native cryptocurrency, GPT, to capitalize on the popularity of ChatGPT and AI.
The GPT token has been posting sizeable gains since its launch and has built the most diversified utility of any blockchain, according to CryptoGPT’s Twitter page. It is the first-of-its-kind multi-value gas token that is used as fuel for network transactions.
CryptoGPT is a layer-2 that uses zkRollup technology, and its unique EVM-compliance makes the protocol open to massive codebase libraries, enabling easy and rapid onramp of developers and users.
The platform aims to bootstrap user adoption of its everyday consumer apps designed to provide value and utility for all ecosystem participants.
As of April 10, 2023, the live CryptoGPT price is $0.07375 USD with a 24-hour trading volume of $16,021,927 USD.
CryptoGPT is up 8% in the last 24 hours. The current CoinMarketCap ranking is #2628, with a live market cap of $13M.
CryptoGPT’s GPT token has quickly gained popularity in the market as a new project.
However, current performance analysis suggests that GPT Token is experiencing slow growth. Nevertheless, with a strong community, the GPT coin is still one of the fastest-growing projects.
