Alongside it, plenty of very similar-looking Twitter accounts have additionally sprung up — a few of which have been touting seemingly faux giveaways.
As of the time of writing, “Obtain CryptoGPT” is trending with 6,185 tweets related to it. GPT-4 (Generative Pre-trained Transformer 4), an unreleased neural community created by OpenAI, can also be trending with 4,683 tweets.
In the meantime, dozens of Twitter accounts sporting the identify “CryptoGPT” may also be discovered on Twitter, with some providing seemingly faux giveaways or airdrops
Many of those accounts describe the purported challenge as permitting customers to make use of blockchain to monetize their information with AI. The system is predicated on Ethereum and scales with a zero-knowledge rollup layer-2 community.
The challenge purportedly goals to draw decentralized utility builders to construct on its blockchain. CrypoGPT will supply its GPT tokens as cost for nameless consumer information generated from the utilization of those DApps.
Opposite to what its identify could counsel, nevertheless, the challenge would not look like straight associated to the ChatGPT AI chatbot that has taken the web by storm in current months.
The crypto token additionally seems to have backing from sure crypto exchanges, a minimum of from a list perspective.
On Mar. 8, Bitfinex introduced a list of GPT on Mar. 10, describing CryptoGPT as a challenge that goals to supply customers a chance to earn crypto for sharing their anonymized information. Different exchanges that may reportedly record the GPT token embrace PancakeSwap, ByBit, Gate, MEXC, Bitget, amongst others.
Associated: ChatGPT learns Bitcoin will finish central banking and fiat foreign money
Earlier this 12 months, blockchain analytics agency PeckShield warned its followers about dozens of alleged “pump & dump” tokens purporting to be associated to ChatGPT and Bing AI, in a Feb. 20 Twitter submit.
#PeckShieldAlert PeckShield has detected dozens of newly created #BingChatGPT tokens, of which 3 look like #honeypots & 2 have excessive promote tax. 2 of them have already dropped over -99%.
Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme #AI #ChatGPT pic.twitter.com/merQikuslk
— PeckShieldAlert (@PeckShieldAlert) February 20, 2023
A pump-and-dump scheme sometimes includes the creators orchestrating a marketing campaign of deceptive statements and hype to influence buyers into buying tokens, then secretly promoting their stake within the scheme when costs go up.