AI-Focused Cryptogpt Raises $10 Million to Expand Asian Markets
Cryptogpt, an AI-focused cryptocurrency platform, has announced that it has raised $10 million in Series A funding to expand its operations into Asian markets. Now the worth of $250 million is available in the company.
The funding round was led by a group of venture capital firms and strategic investors who believe in the potential of Cryptogpt’s technology and its ability to disrupt the traditional finance industry.
Key Takeaways:
- Cryptogpt raised $10M in Series A funding to expand into Asian markets as an AI-focused cryptocurrency platform.
- Cryptogpt uses ZK-rollups as an Ethereum layer-2 scaling solution to improve throughput.
- Cryptogpt’s native coin, GPT, is a multi-value gas token used in network transactions and gives voting rights to token holders on the DAO platform.
- The funding round was led by venture capital firms and strategic investors who believe in Cryptogpt’s potential to disrupt traditional finance with its technology.
- GPT tokens were available for trading on multiple cryptocurrency exchanges, including Uniswap and PancakeSwap, as of April 12, 2023.
Bitcoin News took to Twitter to make an announcement, sharing important news with her followers that, an L2 (Layer 2) project that uses blockchain technology and artificial intelligence (AI) to provide market analysis and trading recommendations to users, announced that it had raised $10 million in a Series A financing round.
Zero-knowledge (ZK) rollups are used by CryptoGPT to improve throughput. CryptoGPT is an Ethereum layer-2 scaling solution.
Off-chain transactions are validated by ZK-rollups using certain validity proofs. Then these transactions are collected and transmitted back to the mainchain for storage.
addictedtocrypto took to Twitter to make an announcement, sharing important news with her followers that an AI-focused blockchain project announced that it raised $10 million in a Series A financing round. The funding will be used to expand the company’s presence in Asian markets on April 10.
Crptogpt coin: The L2 network of Cryptogpt utilizes a native coin known as GPT. According to the researchers, GPT is a multi-value gas token with significant demand for use in network transactions.
The core of the crptogpt network is the GPT token. The network’s gas fees will be paid for by using this. On the platform of DAO, various proposal voting rights will be given to the GPT token holders.
Jonah HoWie took to Twitter to make an announcement.
GEM HOLDERS News & Marketing Co. took to Twitter to make an announcement, sharing important news with her followers that Cryptogpt is an AI-powered blockchain project built on top of an existing blockchain infrastructure using Layer 2 (L2) ZK-rollup technology to provide faster and more efficient transactions.
The company has announced that it has raised $10 million in capital from a Series A financing round. The financing round was likely conducted to help Cryptogpt expand its platform and services, as well as to further develop its technology.
The native token of Cryptogpt traded for between $0.06951 and $0.07064 per unit on 12 April 2023. GPT tokens were available for trading on several cryptocurrency exchanges, including Uniswap, and PancakeSwap. However, please note that the availability of GPT tokens and the exchanges where they can be traded may have changed since then.