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A Twitter hashtag regarding a purported synthetic intelligence crypto token known as “CryptoGPT” has been trending on Twitter.
Alongside it, quite a few very similar-looking Twitter accounts have additionally sprung up — a few of which have been touting possible pretend giveaways.
As of the time of writing, “Obtain CryptoGPT” was trending, with 6,185 tweets related to it. GPT-4 (Generative Pre-trained Transformer 4), an unreleased neural community created by OpenAI, was additionally trending with 4,683 tweets.
In the meantime, dozens of Twitter accounts sporting the title “CryptoGPT” may also be discovered on Twitter, with some providing possible pretend 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 software 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 title might counsel, nonetheless, the venture doesn’t look like immediately 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, at the least from an inventory perspective.
On March 8, Bitfinex announced it might checklist CryptoGPT’s native GPT token two days later, describing it as a venture that goals to supply customers a possibility to earn crypto for sharing their anonymized information. Different exchanges that can reportedly checklist the GPT token embody PancakeSwap, ByBit, Gate, MEXC and Bitget, amongst others.
Associated: ChatGPT learns Bitcoin will end central banking and fiat currency
Earlier this yr, blockchain analytics agency PeckShield warned its followers about dozens of alleged “pump & dump” tokens purporting to be associated to ChatGPT and Bing AI.
#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 usually entails the creators orchestrating a marketing campaign of deceptive statements and hype to steer buyers into buying tokens, then secretly promoting their stake within the scheme when costs go up.
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