CryptoGPT Raises $10M With DWF Labs

CryptoGPT is a ZK layer 2 blockchain that revolves its model around the merging of artificial intelligence with blockchain technology that is able to monetize your data. CryptoGPT works to store you, the user, and your data into an NFT with AI technology tracking your consumer data and logging it into this NFT. Instead of big tech companies stealing your data, you could be earning GPT tokens in exchange for data such as your consumer activities.

CryptoGPT offers the services and products of AI-to-Earn: CryptoGPT Core, which allows users to use a predetermined set of apps to share data with to earn GPT tokens, and the CryptoGPT SDK, which allows developers to build for their users. CryptoGPT aims for its users to be able to earn income by being able to control their data with the use of fitness, dating, and gaming apps and choosing to sell their data to the companies who wish to track it.

Just today, CryptoGPT announced that they have raised $10 million with DWF Labs in their Series A round, at a very significant valuation of $250 million. CryptoGPT aims to use this new fundraising round in order to push their operations into Asia and to be able to grow their developer team internationally.

It seems that DWF Labs is a very active investor, especially near the end of 2022 and the beginning of 2023, as they are seen very frequently in the media for their significant investment efforts into various protocols and projects in the crypto space, with some of the recent investment rounds being with Alchemy Pay, Fetch.AI, Radix, Synthetic, Tonstarter, Mask, and many more. DWF is also helping several companies expand their operations into Asia, especially with their network largely ocated in the APAC region.

For the investors who are interested in CryptoGPT and its controlled data selling model, CryptoGPT just released its GPT token back in March with a current market capitalization of $12 million and a fully diluted valuation of $223 million.

Upon news of this new series A fundraising round, CryptoGPT, rose by 10.2% in the past 24 hours.

With debates around AI and crypto and their ability to actually integrate with each other, it seems like VCs from all around the world are still heavily focused on being able to invest in interesting projects that are able to utilize AI with their blockchain technology. If there is a project that is definitely following and taking advantage of the current crypto meta, it is definitely CryptoGPT, as they are a ZK rollup layer 2 blockchain that is helping their users be able to take control of their data and sell it for income with AI technology.