CryptoGPT Raises $10M in Funding, Valued at $250M

According to recent reports, CryptoGPT, an artificial intelligence platform that specializes in cryptocurrency trading, has successfully raised an additional $10 million in an investment fund, bringing the company’s total valuation to $250 million.

The GPT token was just introduced a month ago, and its current fully diluted valuation is close to $210 million. The debut of CryptoGPT’s token and the meteoric rise of AI bots like OpenAI’s ChatGPT both made headlines in the previous month and with good reason. 

Through the Layer 2 blockchain network that it is now in the process of developing, CryptoGPT asserts that it can assist users in both owning and monetizing their data. Both the introduction of CryptoGPT’s token and the ascent of AI bots like OpenAI’s ChatGPT made news in the preceding months, and with good reason. 

CryptoGPT’s token was the first of its kind. AI bots like ChatGPT include OpenAI. CryptoGPT states that it can aid users in owning and monetizing their data through the Layer 2 blockchain network that it is currently in the process of constructing and which it is currently in the process of developing. During the first week of March, the artificial intelligence project also debuted a chatbot that goes by the name “Alex.”

The current fundraising round and rising valuation of CryptoGPT are seen as signs of growing interest and investment in the field of AI-powered cryptocurrency trading, as indicated by the previous sentence. It is anticipated that advanced AI technologies such as CryptoGPT will play an increasingly important role as the cryptocurrency sector continues to develop and mature.

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