{"id":19721,"date":"2023-04-11T12:11:15","date_gmt":"2023-04-11T12:11:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ai-focused-cryptogpt-raises-10-million-in-series-a-funding-to-expand-into-asian-markets-blockchain-bitcoin-news\/"},"modified":"2023-04-11T12:11:15","modified_gmt":"2023-04-11T12:11:15","slug":"ai-focused-cryptogpt-raises-10-million-in-series-a-funding-to-expand-into-asian-markets-blockchain-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ai-focused-cryptogpt-raises-10-million-in-series-a-funding-to-expand-into-asian-markets-blockchain-bitcoin-news\/","title":{"rendered":"AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets \u2013 Blockchain Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company now has a valuation of $250 million.<\/strong><\/p>\n

Cryptogpt Startup Raises $10 Million; Startup Now Has a $250 Million Post-Valuation<\/h2>\n

Artificial intelligence (AI) has become a popular subject in 2023 as AI projects, such as Midjourney and Chatgpt, along with many other programs, have seen a surge in demand. This has sparked a significant rise in value for a number of AI-related cryptocurrency and blockchain projects this year. According to statistics<\/a> from cryptoslate.com, at the time of writing, 77 AI-focused cryptocurrencies are worth $3.48 billion.<\/p>\n

\"AI-Focused
Cryptogpt\u2019s GPT market metrics according to cryptoslate.com on April 10, 2023.<\/figcaption><\/figure>\n

On April 10, an L2 project called Cryptogpt announced<\/a> that it raised $10 million in a Series A financing round. \u201cCryptogpt receives $10M strategic investment from largest Asian market maker to expand into biggest Asian markets,\u201d the Cryptogpt Twitter account told its 243,200 social media followers. \u201cNew funding at a $250M valuation from DWF Labs positions $GPT both financially and strategically with the most established layer-2 developments in Web3,\u201d the company added.<\/p>\n

\"AI-Focused
Last month, Cryptogpt released a chatbot called \u201cAlex.\u201d<\/figcaption><\/figure>\n

Cryptogpt\u2019s L2 network uses a native token called GPT<\/a>, and the team asserts that GPT is a multi-value gas token that has high demand as fuel for network transactions. Over the past 30 days, GPT has gained 41.64%, with 14.79% of the increase recorded during the past 24 hours. Statistics show there is a circulating supply of three billion GPT, and the ERC20 version of GPT has 3,557 holders. Ten of the top GPT holders command 82.95%<\/a> of the circulating supply. On April 10, Cryptogpt\u2019s native token was trading for prices between $0.0672 to $0.0751 per unit.<\/p>\n

The AI project also introduced a chatbot called \u201cAlex<\/a>\u201d during the first week of March. \u201cCryptogpt releases 1st product: Alex, [a] key to infinite knowledge of the internet,\u201d the team said at the time<\/a>. \u201cToday, we release our AI chatbot Alex \u2014 your companion in the Cryptogpt ecosystem that can answer any question [and] complete creative tasks.\u201d Cryptogpt also detailed<\/a> that Alex is \u201cpowered by Openai models,\u201d the company behind the popular AI application Chatgpt.<\/p>\n

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ai<\/a>, AI Blockchain<\/a>, ALEX<\/a>, Artificial Intelligence<\/a>, Asian Markets<\/a>, Blockchain<\/a>, blockchain ecosystem<\/a>, Blockchain Industry<\/a>, chatbot<\/a>, circulating supply<\/a>, crypto community<\/a>, crypto market<\/a>, crypto space<\/a>, Cryptocurrency<\/a>, Cryptogpt<\/a>, decentralized finance<\/a>, Digital Assets<\/a>, Digital Currency<\/a>, DWF Labs<\/a>, ERC20<\/a>, Financing<\/a>, Funding<\/a>, gas token<\/a>, GPT<\/a>, Innovation<\/a>, investment<\/a>, L2 Blockchain<\/a>, L2 project<\/a>, Layer 2 Blockchain<\/a>, market maker<\/a>, network transactions<\/a>, Openai models<\/a>, Series A Funding Round<\/a>, Social Media<\/a>, startup<\/a>, technology<\/a>, token economy<\/a>, token holders<\/a>, Twitter<\/a>, valuation<\/a>, Web3<\/a>, ZK-rollup technology<\/a><\/div>\n<\/div>\n

What are your thoughts on the increasing intersection between artificial intelligence and cryptocurrency, and do you see this trend continuing to grow in the future? Share your thoughts about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Cryptogpt<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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