The zero-knowledge (ZK) layer 2 blockchain, CryptoGPT, has received $10 million in a Series A fundraising round, successfully valuing the company at $250 million. One of the major players in the cryptocurrency space, market creator DWF Labs, spearheaded the funding, which is essential for CryptoGPT’s growth.

The voyage of CryptoGPT has been spearheaded by its inventive AI assistant, “Alex,” which was created with a primary emphasis on the Web3 environment. Furthermore, CryptoGPT is working hard on establishing a data-to-AI engine and a ZK rollup layer 2 blockchain. This AI engine is essential to the gathering, encrypting, and safe data transfer processes for a range of business uses.

Although standard ZK technology is frequently used for payments, CryptoGPT is combining it for private data transfers in a novel way. This innovative method guarantees improved security and privacy for data transport in a range of situations.

The recently obtained funds will be used to grow the worldwide development team of CryptoGPT and bolster its market share in Asia. Co-founder and Chief Technology Officer of CryptoGPT Dejan Erja stated that the blockchain wants to expand its reach regionally and spread its concept internationally.

The Vision and Goals of CryptoGPT

The goals of CryptoGPT go beyond AI and blockchain. The goal of the blockchain is to enable people to make money off of their data in a variety of industries, including gaming, dating, fitness, and education. CryptoGPT aims to provide people a way to make money from their digital interactions by letting users monetize their data.

In addition, Non-fungible tokens (NFTs) that store information about an owner’s activities are planned by CryptoGPT. This novel strategy fits in with the expanding NFT trend, which is becoming more and more popular in a variety of industries.

Crypto-AI Crossroads

The popularity of AI chatbot platforms like ChatGPT has contributed to the recent surge in cryptocurrencies with an AI focus. On the other hand, the sustainability of tokens with an AI focus over the long run is still up for debate. Some contend that short-term market dynamics and speculative trading activity fueled by the excitement surrounding these nascent technologies are to blame for their notable advances in recent months.

The fact that CryptoGPT was able to raise such a large sum of money is an encouraging sign for the blockchain and artificial intelligence space, and the company’s creative approach to data protection and monetization makes it one to keep an eye on as Web3 and AI technologies grow.