ChatGPT Trained on 1% Crypto.
ChainGPT trained on 95% Crypto (including current data)
š That may be all you need to know, but let me break it down a little further.
ChainGPT uses a transformer-based language model, which is a type of deep learning model used in natural language processing (NLP). Transformer-based language models are pre-trained on large amounts of text data, in this case, crypto-related, and can then be fine-tuned on specific downstream tasks, such as trading.
Generative Pre-trained Transformer (GPT) is arguably the most well-known transformer-based language model. This AI relies on computing power to learn and operate. I am not certain how much computing power is behind this AI project, but it is likely in the cloud and easily scalable.
ChainGPT will bring a Layer-1 Blockchain Virtual Machine that will offer an AI Chatbot, Dev. Assistance (AI-written smart contracts), AI-Generated News, AI-Generated NFTs, AI Trading Bot (let AI write bots that trade for you), and more.
Although some people may think that AI will be running on the blockchain, this is not true. The AI is all off-chain.
So why a blockchain and token?
One of the best things a token can do is have real added value. Most people like Quant $QNT tokenomics because it has real value by charging for all services in the native QNT token, driving up usage and price.
š ChainGPT will do the same and only accept payment for AI services in $CGPT.
I think this idea is great and worth four stars!
In my opinion, it is only a matter of the right NLP model (GPT in this case), the right pre-trained dataset (crypto), and some raw computing power to make this grow. The market share for AI services trained on crypto-only should be sizable. If they continue only to accept payments in CGPT, then the value of the project will flow over to the token hodlers.
Full disclosure: I got into this project during the presale (very small allocation). At first, I was not impressed, but after doing a deeper dive, I think they have a chance to pull this off. This is a Web 2.0 AI project that has a chance to disrupt Web 3.0. Show Less
