CryptoGPT is designed to harness the power of artificial intelligence (AI) via its decentralized marketplace. It is a zero-knowledge Layer2 network operating on top of the Ethereum blockchain dedicated to innovation in AI-based dApps.
The CryptoGPT platform aims to offer a decentralized AI and data market to businesses, developers, and consumers. CryptoGPT has been envisioned as a way for developers and individual users to access advanced AI tools in dApps.
The project’s developers created CryptoGPT to democratize access to AI services and technologies and power this emerging trend through the decentralized and secure nature of the underlying blockchain technology. In this manner, they wish to level the highly competitive and technical AI-based playing field for innovators in this space and consumers of this technology that is going mainstream rapidly.
GPT, an ERC-20 token issued on Ethereum, is a multi-value gas token and the native crypto asset of the CryptoGPT network. It is used to pay transaction fees within the network, works as an incentive token, and can be staked by validator nodes who contribute to securing the network’s operations.