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AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation

Zero-Knowledge (ZK) layer-2 blockchain CryptoGPT has funded the recent surge in interest around artificial intelligence (AI) to raise $10 million in funding. The Series A round, which was led by market maker DWF Labs - which has emerged as one of the most active investors during the bearish moment of the crypto market - gave the AI-focused blockchain a $250 million valuation, according to a statement. CryptoGPT recently released Web3-focused AI assistant "Alex" and is developing its ZK rollup layer-2 blockchain and a data-to-AI engine, which collects, encrypts, and transfers data for commercial applications.

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