The increasing interest in artificial intelligence technology has led cryptocurrencies to turn to this area.
In this context, the artificial intelligence-oriented blockchain CryptoGPT, which has a name similar to the popular artificial intelligence application ChatGPT, was among these projects.
In its latest funding round, CryptoGPT has received a $10 million investment, reaching a valuation of $250 million.
Series A funding round was led by DWF Labs.
Speaking to The Block on the subject, Dejan Erja, the co-founder and CTO of CryptoGPT, said:
“As CryptoGPT, we raised $10 million in investment in the Series A funding round. However, only $420,000 of the total amount has so far been invested by DWF Labs.
DWF Labs started investing in CryptoGPT last week and will invest the remaining amount for 285 days.
As part of our agreement with DWF Labs, DWF Labs, a web3 investment firm that is also a market maker, will also launch the market for CryptoGPT’s GPT token.”
As it is known, CryptoGPT has released its token named “GPT”. After the investment news, the GPT price started to rise.
CryptoGPT raised $3 million in a funding round last month through the public sale of DAO Maker.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!