CryptoGPT – Monetizing Your AI Data With CryptoGPT
Currently, the rate of innovation in the crypto industry is astounding. New protocols are introduced weekly, and most don’t appear to be recycled ideas. Although amazing, this makes it challenging to keep up with.
The combination of that and the innovation taking place in the field of artificial intelligence is enough to make Buffett and Munger dizzy. CryptoGPT is the name of one of the newest AI-based crypto projects.
Its main goal is to upend big tech by enabling its users to profit from the data that their AI algorithms generate by selling it to businesses that require it to advance their own AI algorithms. Let’s go over the project’s key components so that we can better understand how everything fits together.
CryptoGPT is the ZK Layer-2 that enables you to control the monetization of your AI data, according to the website. Make every task you perform in a day a way to earn money. GPT stands for “Generative Pre-Trained Transformer,” in case you didn’t know.
A ZK Layer-2 protocol is a scaling network that is EVM-compatible and enables users to move their data off the blockchain while preserving privacy, security, and trustless operation. It functions by using zero-knowledge proofs to validate transactions without disclosing any specifics.
Zero-knowledge proofs are cryptographic techniques that let two parties validate a transaction between them without disclosing any underlying data or information. In order to verify transactions on their network without revealing the contents of the transaction or the identities of the sender and receiver, CryptoGPT uses this kind of technology.
As a result, users don’t have to be concerned about their personal information being disclosed when storing and transferring data and value on the platform. The monetization component of CryptoGPT comes next. The platform makes use of a Data-to-AI engine that gathers, transforms, encrypts, and packages data for commercial applications that can be sold on the open market, strengthening the AI models in a variety of sectors like logistics, manufacturing, healthcare, and tourism.
The ability for users to own and control their data is the main advantage of CryptoGPT. Both who has access to it and how much they charge for it are up to them. They can fully control their data thanks to this, which is not possible with other platforms.
Additionally, it guarantees that they receive the full value of their data and are not dependent on another party taking a cut. To fully understand the project and its associated tokens, read about the intricate economy of CryptoGPT here.
There is currently a desktop version of CryptoGPT available for download from Google Play. In essence, using the desktop or mobile app is similar to using any other AI application.
Additionally, they offer an AI-enabled VPN service that would let you browse the web anonymously while producing more data for sale. Additionally, it appears that they are planning to release an AI-enabled store and data marketplace in the future.
The CryptoGPT website explains that while “2-Earn” crypto-related protocols are not new, they have a sustainability issue. Either they rely on ponzinomics, or widespread adoption simply never happened. Whether or not CryptoGPT will be the project that achieves truly sustainable mass adoption is impossible to predict.
Still, you can bet that one of these projects will eventually find the secret sauce and will start to compete with established big tech companies. Although we are still in the early stages and working things out, these kinds of protocols that challenge big tech will eventually prevail as more people grow weary of being the product.