What’s CryptoGPT (GPT)? – Bitfinex weblog

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What’s CryptoGPT (GPT)?

As increasingly breakthrough applied sciences get adopted in each day life, the traces between know-how sectors can start to blur. Enter CryptoGPT, a ZK Layer two blockchain for Synthetic Intelligence. CryptoGPT lets customers monetise each side of their each day lives by making their knowledge obtainable to the AI knowledge set coaching trade.


In our new age of unbelievable Synthetic Intelligence (AI) powered apps which can be so superior they appear virtually like magic, CryptoGPT is decentralising the massive knowledge marketplace for AI mannequin coaching units. Apps like Midjourney, Steady Diffusion, and ChatGPT have reached a tremendous new watermark for human-like replication by way of AI-generated artwork, written textual content, and even code. 

There’s just one catch; these refined AI fashions must be educated on enormous knowledge units consisting of hundreds of thousands and even billions of information factors. Within the present mannequin, tech giants like Google and Fb harvest consumer knowledge and promote it, reaping billions of {dollars}, whereas the consumer experiences no profit. 

CryptoGPT is an Ethereum-based ZK Layer two blockchain, which makes it attainable for customers to take again management of their knowledge and monetise it themselves. Through the use of ZK Rollups, a Layer two scaling know-how which takes benefit of zero-knowledge proofs, CryptoGPT can file, encrypt, and anonymise consumer knowledge as a product by way of its Information to AI engine, which is then launched and offered in CryptoGPT’s International Information Market.

CryptoGPT

CryptoGPT is disrupting the present knowledge marketplace for AI by giving customers the facility to monetise their very own knowledge by way of “to earn” incentives by providing them an ecosystem of built-in apps throughout a variety of widespread industries like life-style, music, gaming, relationship, journey & others, the place they’ll decide in to knowledge monetisation. 

Throughout the app ecosystem, CryptoGPT already has over two million customers already onboarded. This established consumer base supplies a strong basis for potential virality and mass adoption as most people adopts AI increasingly in each day life.

CryptoGPT’s aim is to supply a robust basis of income backing the venture’s “to earn” incentive mannequin of payouts to customers in change for his or her high-quality, superior AI mannequin coaching knowledge, which leads to the International Information Market.

How CryptoGPT Works

CryptoGPT has three details to its inter-ecosystem incentive mannequin. To begin with, Apps are inspired to onboard with the chance to create new income by monetising opt-in consumer knowledge. Second, customers themselves are incentivised to onboard as a result of they’ll take part in CryptoGPT’s “AI to earn”, which pays them for utilizing the identical widespread cellular apps they all the time use, after they’ve opted in to permitting their knowledge to be collected.

With Apps and customers onboarded to supply the high-quality knowledge wanted by AI mannequin coaching in change for monetisation, CryptoGPT’s ZK Rollups retailer it on-chain, the place it’s leveraged by CryptoGPT’s Information to AI engine, which encrypts and anonymises the information, the information is then processed and packaged on the market, earlier than it makes its method to the International Information Market, the place it may be bought by a variety of AI know-how suppliers.

This high-quality knowledge is prized by knowledge purchasers throughout a variety of industries, resembling healthcare, insurance coverage, finance, promoting, training, and many others. All of that are taking a look at methods to enhance effectivity and automation by using rising AI applied sciences. 

Why is CryptoGPT Distinctive

CryptoGPT is an Ethereum Layer two blockchain using ZK Rollups, which have a excessive diploma of scalability, full EVM compatibility, and distinctive properties which make it open to large codebase libraries wanted for AI, and make it straightforward to onboard apps, builders and customers.

Resulting from CryptoGPT’s ZK Rollups, the chain is extremely scalable, has immense throughput, and very low cost transaction charges. CryptoGPT’s ecosystem consisting of NFT Information Capsules, earn launcher, and AI tooling, provide an acceptable blockchain atmosphere that grows together with the AI trade’s quickly altering capabilities and financial system.

Moreover, CryptoGPT is designed to be actually decentralised and leverages Proof of Exercise, a safety mannequin which will increase because the community’s adoption will increase. CryptoGPT’s decentralised knowledge assortment, and International Information Market, are additionally designed in a means that makes it troublesome for top-down management from any single entity or participant within the ecosystem.

What’s the CryptoGPT Ecosystem

The CryptoGPT ecosystem consists of a number of totally different parts built-in to seize knowledge, encrypt it, make it nameless, after which bundle it to resell to knowledge purchasers on the International Information Market.  

CryptoGPT Layer two chain

As an Ethereum Layer Two chain, CryptoGPT utilises ZK Rollups to retailer knowledge and file on-chain transactions. Information would be the asset that powers the AI revolution, and CryptoGPT’s chain would be the device they use to supply high-quality knowledge for AI mannequin coaching.

Information to the AI engine

CryptoGPT’s Information to AI engine takes the information saved in ZK Rollups on-chain and encrypts, anonymises, processes, and packages the information to make it obtainable to business purposes by way of the International Information Market.

International Information Market

A Web3 native market the place apps and builders can monetise knowledge that may be offered to purchasers from throughout industries, like healthcare, insurance coverage, finance, promoting, training, and extra. The International Information Market may probably disrupt the worldwide knowledge commerce and put customers again in charge of their knowledge.

Core Functions

CryptoGPT’s Basis has developed a number of core apps which play the function of jumpstarting the ecosystem and in addition present income streams for GPT token holders in numerous capacities for the GPT utility token.

CryptoGPT Launcher

That is CryptoGPT’s pluggable “AI to earn” launcher, which any consumer can immediately begin utilizing to seize their knowledge inside any of CryptoGPT’s Core Functions to start monetising their each day app utilization knowledge.

What’s the CryptoGPT (GPT) Token

The GPT token may be described as a “multi-value fuel token”. Its main utilities are for fuel to energy community transactions, in addition to staking in validator nodes. GPT token holders can earn income from a number of earnings “funnels” in-built. GPT holders can get pleasure from charge earnings generated by core apps, staking, and take part in governance which determines how the charges within the Treasury fund are distributed.

Throughout the CryptoGPT ecosystem, there are a number of methods earnings is generated, by way of the earnings funnels: 

Gasoline Charges

Gasoline charges are generated from all transactions on-chain. Since CryptoGPT is a extremely scalable, excessive throughput community which plans to onboard billions, fuel is meant to be a big supply of earnings.

Core Apps

Core Functions in CryptoGPT additionally create earnings for contributors as they’ve been created by the Basis to get the information ecosystem financial system underway. Core Apps have been designed to “function a pillar for ecosystem earnings”.

International Information Market

CryptoGPT’s International Information Market is central for earnings era, and supplies the sustainable basis for the venture’s “AI to earn” mannequin. Earnings is generated by knowledge gross sales on {the marketplace}, which is a platform for builders and firms to supply consented knowledge to purchasers.

NFT Information Capsules

Information Capsules are in-ecosystem NFTs which include the distinctive knowledge imprint of its knowledge miner. They’re offered to knowledge purchasers immediately or acquired by builders and apps, and firms and distributed to events.

These earnings sources contribute to the funds which can be contained throughout the ecosystem’s Treasury fund. GPT token holders can take part in governance to resolve how the Treasury’s funds are deployed throughout the ecosystem.

Treasury funds may be deployed in quite a lot of methods, together with voting on elevated staking yields, token burns and buybacks, neighborhood led enterprise investments which deploy capital to associated tasks the neighborhood decides to fund.

Except for governance and income, GPT token holders may realise extra ecosystem advantages like reductions, assured liquidity, and staking rewards for validating transactions.

CryptoGPT Tokenomics

CryptoGPT Roadmap

Q1 2023

  • AI Capsule NFT Launch
  • First Apps Combine CryptoGPT on Testnet
  • App Launcher launch
  • Apps construct on CryptoGPT ZK Rollup layer two for first 1 million customers

Q2 2023

  • CryptoGPT closed mainnet
  • CryptoGPT Information Seize VPN partnership
  • Apps construct on CryptoGPT ZK Rollup layer two for the primary 5 million customers

Q3 2023

  • Information Market beta launch
  • CryptoGPT ZK Rollup layer two mainnet beta exams
  • Apps construct on CryptoGPT ZK Rollup layer two for the primary 10 million customers

This autumn 2023

  • CryptoGPT ZK Rollup layer two mainnet beta launch
  • Bodily AI knowledge capsule NFT launch
  • Apps construct on CryptoGPT ZK Rollup layer two for the primary 20 million customers

CryptoGPT Crew

CryptoGPT has a small however devoted and skilled staff with prior expertise in AI, Crypto, and e-commerce. Extra details about the CryptoGPT staff may be discovered right here.

How one can purchase GPT on Bitfinex

How one can purchase GPT with crypto

1. Log in to your Bitfinex account or enroll to create one.

2. Go to the Deposit web page.

3. Within the Cryptocurrencies part, select the crypto you intend to purchase PYTH with and generate a deposit tackle on the Alternate pockets.

4. Ship the crypto to the generated deposit tackle.

5. As soon as the funds arrive in your pockets, you’ll be able to commerce them for PYTH. Discover ways to commerce on Bitfinex right here.

How one can purchase GPT with fiat

1. Log in to your Bitfinex account or enroll to create one.

2. You could get full verification to have the ability to deposit fiat to your Bitfinex account. Find out about totally different verification ranges right here.

3. On the Deposit web page, beneath the Financial institution Wire menu, select the fiat foreign money of your deposit. There’s a minimal quantity for fiat deposits on Bitfinex; be taught extra right here.

4. Examine your Bitfinex registered electronic mail for the wire particulars.

5. Ship the funds.

6. As soon as the funds arrive in your pockets, you should use them to purchase GPT.

[AppStore]  [Google Play]

GPT Group Channels

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