A Twitter hashtag regarding a purported synthetic intelligence (AI) crypto token known as “CryptoGPT” has been trending on Twitter.
Alongside it, various very similar-looking Twitter accounts have additionally sprung up — a few of which have been touting probably 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 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 probably faux giveaways or airdrops
Many of those accounts describe the purported venture as permitting customers to make use of blockchain to monetize their information with AI. The system relies on Ethereum and scales with a zero-knowledge rollup layer-2 community.
The venture 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 venture does not seem like instantly associated to the ChatGPT AI chatbot that has taken the web by storm in latest months.
The crypto token additionally seems to have backing from sure crypto exchanges, not less than from an inventory perspective.
On Mar. 8, Bitfinex announced an inventory of GPT on Mar. 10, describing CryptoGPT as a venture 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 end central banking and fiat currency
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 put up.
#PeckShieldAlert PeckShield has detected dozens of newly created #BingChatGPT tokens, of which 3 seem 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 usually entails the creators orchestrating a marketing campaign of deceptive statements and hype to steer traders into buying tokens, then secretly promoting their stake within the scheme when costs go up.
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