A Twitter hashtag referring to a purported synthetic intelligence (AI) crypto token known as “CryptoGPT” has been trending on Twitter.
Alongside it, a variety of very similar-looking Twitter accounts have additionally sprung up — a few of which have been touting doubtless pretend 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” will also be discovered on Twitter, with some providing doubtless pretend giveaways or airdrops
Many of those accounts describe the purported undertaking 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 undertaking purportedly goals to draw decentralized software builders to construct on its blockchain. CrypoGPT will provide its GPT tokens as fee for nameless consumer information generated from the utilization of those DApps.
Opposite to what its identify could counsel, nonetheless, the undertaking does not look like immediately 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, at the least from an inventory perspective.
On Mar. 8, Bitfinex introduced an inventory of GPT on Mar. 10, describing CryptoGPT as a undertaking 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 forex
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, in a Feb. 20 Twitter put up.
#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 steer buyers into buying tokens, then secretly promoting their stake within the scheme when costs go up.
