CryptoGPT Raises $10M in Series A Funding

CryptoGPT Raises $10M in Series A Funding

Altcoin news, News

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.

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.

Compiled by Coinbold

AI, blockchain, gaming, NFT, Web3