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HomeBitcoinWhat's CryptoGPT (GPT)? - Bitfinex weblog

What’s CryptoGPT (GPT)? – Bitfinex weblog


What’s CryptoGPT (GPT)?

As increasingly breakthrough applied sciences get adopted in every day life, the strains 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 every day lives by making their knowledge accessible to the AI knowledge set coaching business.


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

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

CryptoGPT is an Ethereum-based ZK Layer two blockchain, which makes it potential for customers to take again management of their knowledge and monetise it themselves. By utilizing ZK Rollups, a Layer two scaling know-how which takes benefit of zero-knowledge proofs, CryptoGPT can report, encrypt, and anonymise person knowledge as a product through its Knowledge to AI engine, which is then launched and offered in CryptoGPT’s World Knowledge Market.

CryptoGPT

CryptoGPT is disrupting the present knowledge marketplace for AI by giving customers the facility to monetise their very own knowledge through “to earn” incentives by providing them an ecosystem of built-in apps throughout a spread of standard industries like way of life, music, gaming, courting, journey & others, the place they will choose in to knowledge monetisation. 

Throughout the app ecosystem, CryptoGPT already has over two million customers already onboarded. This established person base offers a stable basis for potential virality and mass adoption as most of the people adopts AI increasingly in every day life.

CryptoGPT’s aim is to offer a robust basis of income backing the undertaking’s “to earn” incentive mannequin of payouts to customers in alternate for his or her high-quality, superior AI mannequin coaching knowledge, which results in the World Knowledge Market.

How CryptoGPT Works

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

With Apps and customers onboarded to offer the high-quality knowledge wanted by AI mannequin coaching in alternate for monetisation, CryptoGPT’s ZK Rollups retailer it on-chain, the place it’s leveraged by CryptoGPT’s Knowledge to AI engine, which encrypts and anonymises the information, the information is then processed and packaged on the market, earlier than it makes its solution to the World Knowledge 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 spread of industries, reminiscent of healthcare, insurance coverage, finance, promoting, training, and many others. All of that are 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 simple to onboard apps, builders and customers.

Attributable to CryptoGPT’s ZK Rollups, the chain is extremely scalable, has immense throughput, and very low-cost transaction charges. CryptoGPT’s ecosystem consisting of NFT Knowledge Capsules, earn launcher, and AI tooling, supply an acceptable blockchain atmosphere that grows together with the AI business’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 World Knowledge Market, are additionally designed in a manner that makes it tough 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 completely different elements built-in to seize knowledge, encrypt it, make it nameless, after which package deal it to resell to knowledge purchasers on the World Knowledge Market.  

CryptoGPT Layer two chain

As an Ethereum Layer Two chain, CryptoGPT utilises ZK Rollups to retailer knowledge and report on-chain transactions. Knowledge 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.

Knowledge to the AI engine

CryptoGPT’s Knowledge to AI engine takes the information saved in ZK Rollups on-chain and encrypts, anonymises, processes, and packages the information to make it accessible to industrial functions through the World Knowledge Market.

World Knowledge 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 World Knowledge Market might probably disrupt the worldwide knowledge commerce and put customers again in charge of their knowledge.

Core Purposes

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 varied capacities for the GPT utility token.

CryptoGPT Launcher

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

What’s the CryptoGPT (GPT) Token

The GPT token will 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 revenue “funnels” in-built. GPT holders can get pleasure from charge revenue generated by core apps, staking, and take part in governance which determines how the charges within the Treasury fund are distributed.

Inside the CryptoGPT ecosystem, there are a number of methods revenue is generated, through the revenue funnels: 

Fuel Charges

Fuel 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 revenue.

Core Apps

Core Purposes in CryptoGPT additionally create revenue for members 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 revenue”.

World Knowledge Market

CryptoGPT’s World Knowledge Market is central for revenue technology, and offers the sustainable basis for the undertaking’s “AI to earn” mannequin. Earnings is generated by knowledge gross sales on {the marketplace}, which is a platform for builders and corporations to supply consented knowledge to purchasers.

NFT Knowledge Capsules

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

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

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

Apart from governance and income, GPT token holders also can 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 Knowledge Seize VPN partnership
  • Apps construct on CryptoGPT ZK Rollup layer two for the primary 5 million customers

Q3 2023

  • Knowledge Market beta launch
  • CryptoGPT ZK Rollup layer two mainnet beta assessments
  • 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 Staff

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

The best way to purchase GPT on Bitfinex

The best way to purchase GPT with crypto

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

2. Go to the Deposit web page.

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

4. Ship the crypto to the generated deposit handle.

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

The best way to purchase GPT with fiat

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

2. That you must get full verification to have the ability to deposit fiat to your Bitfinex account. Find out about completely different verification ranges right here.

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

4. Test 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 utilize them to purchase GPT.

[AppStore]  [Google Play]

GPT Group Channels

Web site | Twitter | Telegram | Discord



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