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/