Friday, May 24, 2024

What’s CryptoGPT (GPT)? – Bitfinex weblog


What’s CryptoGPT (GPT)?

As increasingly breakthrough applied sciences get adopted in each day life, the traces between expertise 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 accessible to the AI knowledge set coaching business.


In our new age of unbelievable Synthetic Intelligence (AI) powered apps which are so superior they appear nearly 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 skilled on big knowledge units consisting of tens of millions 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. Through the use of ZK Rollups, a Layer two scaling expertise which takes benefit of zero-knowledge proofs, CryptoGPT can report, encrypt, and anonymise person knowledge as a product by way of its Information to AI engine, which is then launched and bought in CryptoGPT’s World Information Market.

CryptoGPT

CryptoGPT is disrupting the present knowledge marketplace for AI by giving customers the ability to monetise their very own knowledge by way of “to earn” incentives by providing them an ecosystem of built-in apps throughout a spread of common industries like way of life, music, gaming, relationship, 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 people adopts AI increasingly in each day life.

CryptoGPT’s objective is to supply a robust basis of income backing the mission’s “to earn” incentive mannequin of payouts to customers in trade for his or her high-quality, superior AI mannequin coaching knowledge, which results in the World 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 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 common 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 supply the high-quality knowledge wanted by AI mannequin coaching in trade 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 info, the info is then processed and packaged on the market, earlier than it makes its method to the World Information Market, the place it may be bought by a variety of AI expertise suppliers.

This high-quality knowledge is prized by knowledge purchasers throughout a spread of industries, resembling healthcare, insurance coverage, finance, promoting, schooling, 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 huge codebase libraries wanted for AI, and make it straightforward to onboard apps, builders and customers.

Because of CryptoGPT’s ZK Rollups, the chain is very scalable, has immense throughput, and intensely low cost transaction charges. CryptoGPT’s ecosystem consisting of NFT Information Capsules, earn launcher, and AI tooling, provide an appropriate blockchain atmosphere that grows together with the AI business’s quickly altering capabilities and economic system.

Moreover, CryptoGPT is designed to be really 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 Information Market, are additionally designed in a means 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 bundle it to resell to knowledge purchasers on the World Information Market.  

CryptoGPT Layer two chain

As an Ethereum Layer Two chain, CryptoGPT utilises ZK Rollups to retailer knowledge and report 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 info saved in ZK Rollups on-chain and encrypts, anonymises, processes, and packages the info to make it accessible to industrial purposes by way of the World Information Market.

World Information Market

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

Core Purposes

CryptoGPT’s Basis has developed a number of core apps which play the position 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 each day app utilization knowledge.

What’s the CryptoGPT (GPT) Token

The GPT token may be described as a “multi-value gasoline token”. Its main utilities are for gasoline 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, by way of the revenue 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, gasoline 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 info ecosystem economic system underway. Core Apps have been designed to “function a pillar for ecosystem revenue”.

World Information Market

CryptoGPT’s World Information Market is central for revenue technology, and offers the sustainable basis for the mission’s “AI to earn” mannequin. Revenue 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 comprise the distinctive knowledge imprint of its knowledge miner. They’re bought to knowledge purchasers instantly or acquired by builders and apps, and firms and distributed to events.

These revenue sources contribute to the funds which are 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.

Other than governance and income, GPT token holders may also 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 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 group with prior expertise in AI, Crypto, and e-commerce. Extra details about the CryptoGPT group may be discovered right here.

The right way to purchase GPT on Bitfinex

The right 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 intend to purchase PYTH with and generate a deposit tackle on the Change 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.

The right way to purchase GPT with fiat

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

2. You might want to 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, below the Financial institution Wire menu, select the fiat foreign money of your deposit. There’s a minimal quantity for fiat deposits on Bitfinex; study extra right here.

4. Verify your Bitfinex registered e mail for the wire particulars.

5. Ship the funds.

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

[AppStore]  [Google Play]

GPT Group Channels

Web site | Twitter | Telegram | Discord



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