CryptoGPT, a zero-knowledge (ZK) layer 2 blockchain platform, has raised $10 million in funding led by market maker DWF Labs, giving the AI-focused blockchain a valuation of $250 million. The funding will be used to expand the developer team globally and strengthen the company's presence in Asian markets, said Dejan Erja, co-founder and chief technology officer of CryptoGPT.
CryptoGPT's primary focus is on artificial intelligence (AI) and data monetization. The platform has recently rolled out a new AI assistant called "Alex" and is currently developing a data-to-AI engine that collects, encrypts, and transfers data for commercial applications. The platform's use of ZK technology is unique in that it is applied to private data transfers rather than payments.
CryptoGPT aims to allow users to monetize their data across various sectors, including fitness, dating, gaming, and education. Additionally, the company plans to release non-fungible tokens (NFTs) that store the owner's activity data.