Jason Yanowitz, a co-founder of Blockworks, referred to #CryptoGPT as an open hoax and stated he wouldn't touch it with a ten-foot stick. With this project, Yanowitz has found a few peculiarities that he believes to be fraud, particularly with the CryptoGPT team.

Jamila Jelani was initially referred to as CEO/Founder. The marketer was added as her new title on the website. She's already left the area. She claims to have been in charge of Alibaba's growth marketing. Since she recently created her LinkedIn profile last month, it's tough to corroborate his suspicions that this is a scam.

Second, CTO Dejan Erja asserts that he was employed by Ripple Net. But this also appears to be a scam. The co-founder of #Blockworks claimed that he was unable to find any information about his connection to Ripple. Yanowitz further notes that he has no posts on LinkedIn and only has five connections with whom he has a shared relationship.

Moreover, Yanowitz says that a $250 million valuation is "equally as ludicrous" in this context as the growth in user numbers.

Yanowitz linked to @nay gmy's study on DWF Laboratories and said he doesn't know much about the market marker. But, rumors around the business raise doubts.

Art Bagdonas, the ecosystem head of CryptoGPT, will make one last point. Yanowitz calls it "Art dressed to the nines literally zero web presence but is their ecosystem lead."

DWF Labs made a $10 million strategic investment after CryptoGPT announced a $250 million corporate value on April 10.

The money will be used to advance Web3 technology for AI, especially in Asian markets. The business wants to end big tech's hegemony while providing users control over the use of their #ai data for commercial purposes. By enabling retail customers to make money by sharing their data via zkRollup technology, CryptoGPT hopes to draw in new customers. Data will eventually become even more valuable, based to the firm, as AI spreads.

By enabling retail consumers to monetize their data through an AI-driven system, CryptoGPT claims to be able to undermine the dominance of Web2 goliaths like Google and Meta.

Furthermore, they believe that the growth of AI will raise the value of data because AI algorithms must be trained on high-quality data.

The team at CryptoGPT has not yet responded to this.

This news is republished from https://coinaquarium.io/

The first sustainable ‘to earn’ ecosystem that pays users for contributing data that is then sold in the global data marketplace.

#CryptoGPT is the Ethereum layer-2 that is the dedicated blockchain for AI development. #CryptoGPT combines the commercial applications of AI with a mass adoption-proof tokenization mechanism - via our $GPT token.

Extraordinary means for extraordinary results.

CryptoGPT, like #ChatGPT , is aimed at mass retail adoption - in contrast to other blockchain-based AI projects. This opens up an untapped market opportunity: entering the market via consumer apps.

Owing to our web3 native marketing channels and value proposition, we have already onboarded applications in gaming, fitness, education, travel and other verticals.

This will serve as a cornerstone to upcoming ecosystem products, including Data Capsule NFT, Launcher, SDK and Core.

Due to #chatgpt v4's demonstration of its capabilities, artificial intelligence has lately gained popularity. Nevertheless, a project that calls itself "AI-based" decentralized application has allegedly defrauded its customers out of approximately $1 million.

Harvest Keeper has been accused of stealing almost $933,000 in user funds, according to blockchain security company CertiK. Also, according to CertiK, users on the Ethereum, BNB Smart Chain, and Polygon networks have lost about $219,000 due to ice phishing transactions. The security company advised users to withdraw their authorization from the project and issued a warning to avoid using its website.

Harvest Keeper advertised itself as an artificial intelligence initiative that "optimizes the trading process for maximum payment" and guaranteed a 4.81% return on customer deposits. The platform advertised a 101% return on investment within 21 days and an 8% referral bonus on its website. On Twitter, the initiative has close to 30,000 followers, while its Telegram channel has more than 32,000 subscribers.

In the meantime, scores of accounts purporting to be associated with #CryptoGPT have appeared on Twitter as the ChatGPT buzz has reappeared there. On March 10, a hashtag associated with the CryptoGPT #cryptocurrency project started trending on Twitter. With it, a lot of accounts that are identical to it have appeared, some of which advertise phony freebies. Many Twitter accounts with the same name are also common, and some of them advertise giveaways and airdrops that are perhaps false.

As the newest version of ChatGPT showed that it could audit smart contracts on Ethereum, many speculated on whether it could replace developers eventually. However, at the recent #ETHDubai event, #blockchain developers expressed that they are confident that the new iteration of the popular AI tool will not replace developers but will help them instead.

DWF Labs, a market maker with an emphasis on Asian markets, has announced a $10 million strategic investment in CryptoGPT, an Ethereum-based layer 2 that uses zkRollup technology to facilitate scaling.

The #GPT token, which is currently trading at $0.07478 due to this news, increased by 11% as a result. With this disclosure, the company is valued at $250 million.

The money will go toward developing Web3 AI technologies, especially for Asian markets. By utilizing zkRollup technology, #CryptoGPT seeks to target retail consumers by enabling them to profit from sharing their data. The firm aims to end the domination of big tech while enabling "you own the monetization of your AI data." The business believes that data will become even more valuable in the future as #ai spreads.

A party proving something to another party's satisfaction is the basis of the off-chain technique known as zkRollup. There is no extra information supplied besides the statement of truth. The claims of truth are batch-posted as opposed to individually posted, which reduces load capacity and compresses the data. The technology, as stated by the business, will fundamentally alter how people engage with AI and data.

With the recent shift in Hong Kong's policy regarding digital assets, the company claims that the timing for a strategic expansion into Asia is right. For the rise of #cryptocurrency liquidity, Hong Kong is increasingly serving as a gateway to the Chinese market. A spate of pro-crypto declarations have recently been made by the city-state. To support Web3 development in the area, the local government has invested $50 million and implemented a Virtual Asset Service Provider (VASP) license system. Thus, CryptoGPT has determined that Asia is a key market for their technology and will be increasing their presence there.

This news is republished from https://coinaquarium.io/