CryptoGPT, a zero-knowledge (ZK) layer 2 blockchain company, has recently raised $10 million, valuing the AI-centric blockchain at $250 million. The Series A round was headed by market maker DWF Labs, one of the most active investors during the bear market in cryptocurrencies.

CryptoGPT has gained traction recently due to the recent interest surge in artificial intelligence. (AI). The company has released an AI assistant called “Alex” and is presently developing a data-to-AI engine and a ZK rollup layer 2 blockchains. For commercial applications, the engine accumulates, encrypts, and transmits data.

The primary goal of CryptoGPT is to enable users to earn money by monetising their fitness, courting, gaming, and education-related data. Additionally, the company intends to launch non-fungible tokens (NFTs) that preserve the owner’s activity data.

The ZK roll-up technology is a layer 2 solution that makes blockchain transactions quicker and more scalable. It enables the platform to reduce transaction fees and increase throughput, making it more attractive to users seeking a quick and efficient blockchain solution.

CryptoGPT to Launch NFTs Storing Activity Data

The data-to-AI engine of CryptoGPT is an additional intriguing innovation, as it enables the platform to collect and analyze data for commercial purposes. Using CryptoGPT’s engine, businesses can acquire and process data in a secure and encrypted manner, which is particularly useful for those wishing to develop AI solutions.

The recent funding round is a major achievement for CryptoGPT, as it validates the company’s vision of developing an AI-focused blockchain platform that enables users to monetize their data. With the rise of artificial intelligence and blockchain, there is a growing demand for solutions that can combine these two technologies. CryptoGPT is in an excellent position to capitalize on this trend and carve out a market niche.

Recent funding and company developments indicate that CryptoGPT is on track to become a significant player in the blockchain and AI industries. Its innovative solutions and vision for data monetization have the potential to disrupt existing industries and create new opportunities for consumers and companies.