A ZK Layer-2 that gives you control over the commercialization of your AI data. It is launched by the same parent company called OpenAI, who launched ChatGPT which gained enormous attention kicking off an AI trend in Cprypto space that led to unexpected price rise of many tokens belonging to same field.
► CryptoGPT is an Ethereum zk Layer-2 blockchain for AI development. By using a low-cost, secure, safe, and private zkRollup technology it turns the data into a valuable asset- used in AI models to generate value creation in many industries. Moreover, it develops a Data-to-AI Engine that gathers, processes, secures, and packages data for commercial applications.
Data, the resource driving the AI revolution, is the new ultimate objective. Building and developing AI is impossible without data. Large IT companies like Meta, Google, and many more are based on making money off of user data. According to CryptoGPT, it already has apps functioning with more than 2 million users.
► $GPT Economics
►To maintain a healthier economic ecosystem, CryptoGPT has diversified its incomes sources. It claims to have a dependable and highly scalable source of ecosystem income through:
transaction fees made on the network
Core Apps that are developed by the founding team of CryptoGPT and running to boost the ecosystem data economy which provides a sustainable revenue.
The lion’s share of revenue generated by the network is through offering its data to purchasers in global data market.
Utlity NFTs called Data Capsules. Every data capsule bears the specific data footprint of the data miner who created it. End-point users either directly purchase them or developers and businesses obtain and then distribute them.
► $GPT is a multi-value gas. It is required as a fuel for network transactions. It is topped off with value funnels from validator staking, cash flow from Core products, and power of fee treasury that can be used for liquidity events like buybacks, burns, and/or enhanced yield.
► Moving forward, the foundation has laid plans to rollout DAO with a very economically strong model for a sustainable growth. With the DAO, $GPT Token stakers will have following advantages in controlling the treasury funds:
$GPT Token stakers can vote to use treasury funds to buy back $GPT from the open market
They can also vote to burn the buyback tokens.
$GPT stakers will also be able to approve the use of Treasury funds to purchase $GPT tokens on the open market and distribute them to holders in order to offer a genuinly high staking yield.
Stakers will be able to vote on proposals looking for private or seed investment by using treasury funds
20% of $GPT Tokens will be available on public sale for retails investors.
The foundation team at CryptoGPT aims to enter into various sectors with its model namely Medicine, Tourism, Biotech, Advertising, Logistics, Finance & Manufacturing. Being a zkRollup project it enhances its potential to operate as more safer & secure in multiple sectors.
ChatGPT, also from OpenAI, is the first tech that merged Blockchain & AI successfully upon which the users are looking forward to a much bigger data & AI market with a wealth of over a trillion dollars in today’s times.
►Difference between ChatGPT & CryptoGPT
CryptoGPT is programmed to provide quick responses to user input based on pre-existing algorithms and databases of information. ChatGPT, on the other hand, is a conversational AI that is designed to simulate human-like conversations and engage in more complex and personalized interactions with users. While CryptoGPT can provide useful information and assistance to users, its responses are limited to its programming and do not possess the same level of conversational intelligence as ChatGPT.
►In conclusion, cryptoGPT is a cutting-edge platform that combines the strength of blockchain technology and artificial intelligence. The platform also offers advanced features such as smart contracts, data sharing, and more, making it highly versatile and flexible for a wide range of applications. With the increasing interest in cryptocurrencies and the growing demand for easy-to-use platforms, cryptoGPT is well-positioned to become a leader in this space. As the platform continues to evolve and add new features, it is likely to attract even more users and contribute to the mainstream adoption of cryptocurrencies.