In the Venn diagram of stupidly hype-lathered topics this will take some beating. It’s like they’ve stopped even pretending.
From CoinDesk yesterday (HT Joey Politano). Gaze upon that headline and despair:
AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation
CryptoGPT recently rolled out AI assistant “Alex” and is developing its ZK rollup layer 2 blockchain and a data-to-AI engine, which collects, encrypts and transfers data for commercial applications.
Zero-knowledge (ZK) layer 2 blockchain CryptoGPT has cashed in on the recent surge in interest around artificial intelligence (AI) to raise $10 million in funding.
The Series A round, which was led by market maker DWF Labs — which has emerged as one of the most active investors during the crypto bear market — gave the AI-focused blockchain a $250 million valuation, according to a statement.
“Instead of applying ZK technology to payments, CryptoGPT integrates it for private data transfers,” CryptoGPT said in the statement on Monday. The proceeds of the new funding will be used to grow its developer team globally and build on its regional presence in the Asian markets, said Dejan Erja, co-founder and chief technology officer of the AI-focused blockchain.
CryptoGPT’s broad aim is to allow users to earn money by monetizing their data across fitness, dating, gaming and education. It also plans to roll out non-fungible tokens (NFT) that store the owner’s activity data.
“Turn every task in your daily life into a source of income” the company brags. Naturally, there’s also a vapourcoin designed to cash in on the ChatGPT frenzy, $GPT. Of the supposed 3bn “max supply”, CryptoGPT says 6 per cent is in circulation, which currently has a “market cap” of $13mn.
We can’t even.
