A blockchain platform called CryptoGPT has successfully raised $10 million in a Series A funding round headed by DWF Labs. It specializes in Zero-knowledge (ZK) layer 2 and artificial intelligence (AI). With a $250 million valuation, the platform had no trouble getting the money it needed for the first round.

Cryptogpt has announced on its Twitter account that it has secured a $10 million strategic investment from the biggest Asian market maker, with a focus on expanding into the largest Asian markets.

CryptoGPT Receives $10M Strategic Investment from Largest Asia Market Maker to Expand into Biggest Asian Markets 🌎

New funding at a $250M valuation from @DwfLabs positions $GPT both financially and strategically with the most established layer-2 developments in web3.

👇 pic.twitter.com/kOQwy5IgZ5

— CryptoGPT | AI2Earn Staking Live 29/30 Days Growth (@CryptoGPT_org) April 10, 2023

The Web3-focused AI assistant “Alex,” developed by CryptoGPT, has been unveiled. The company is also working on a ZK rollup layer 2 blockchain and a data-to-AI engine. For financial gain, the engine gathers, encrypts, and transfers data. Instead of using ZK technology for payments, the platform wants to use it for secure data transfers.

CryptoGPT aims to enable its users to monetize their data in a variety of industries, such as fitness, dating, gaming, and education, with a focus on artificial intelligence and blockchain technology. The platform also intends to introduce NFTs that can store owner activity data.

CryptoGPT Raises $10M in Series A Funding