CryptoGPT Raises $10 Million at $250 Million Valuation

CryptoGPT is the Ethereum layer-2 that is the dedicated blockchain for AI development. CryptoGPT combines the commercial applications of AI with a mass adoption-proof tokenization mechanism – via $GPT token. Currently, the GPT token – created by CryptoGPT in March – has a market capitalization of more than $12 million. The company intends to enable users to profit from monetizing their data in various sectors, such as fitness, dating, gaming, and education.

CryptoGPT has recently secured $10 million in a Series A round led by DWF Labs, which has brought CryptoGPT’s valuation to $250 million. The fresh funding will be used to grow its current development team of 22 individuals globally and build on its regional presence in the Asian markets, noted Dejan Erja, co-founder and chief technology officer of the AI-focused blockchain.

CryptoGPT was founded in 2022 by Dejan Erja. “Instead of applying ZK technology to payments, CryptoGPT integrates it for private data transfers,” CryptoGPT said in the statement. “Use our apps in fitness, dating, games, and education. Crypto GPT captures and packages data. Embrace your data and monetize it by selling it,” Dejan Erja said. Moreover, he added that the mainnet of CryptoGPT is expected to go live in the third quarter of this year.

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