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With the rising popularity of the text-based artificial intelligence (<a href="https://finbold.com/topic/artificial-intelligence/" rel="noopener noreferrer nofollow">AI</a>) platform <a href="https://finbold.com/topic/chatgpt/" rel="noopener noreferrer nofollow">ChatGPT</a> reviving the interest in the underlying <a href="https://finbold.com/category/technology-news/" rel="noopener noreferrer nofollow">technology</a>, its acceptance has spilled over into the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency sector</a>, as demonstrated by the recent launch of the CryptoGPT (GPT) coin.As it happens, <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/" rel="noopener noreferrer nofollow">crypto exchange</a> Bitfinex announced the listing of “GPT, the native token of CryptoGPT, an <a href="https://finbold.com/guide/how-to-buy-ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>-based, layer 2 <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> dedicated to Artificial Intelligence (AI) development and to decentralizing the AI &amp; data market,” as the <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trading</a> platform explained in a <a href="https://blog.bitfinex.com/media-releases/bitfinex-to-list-cryptogpts-native-gpt-token/" rel="noopener noreferrer nofollow">press release</a> published on March 8.<h2 id="header-0">What is CryptoGPT?</h2>According to the press release, “CryptoGPT bills itself as a crypto ecosystem driven towards collecting data for the purpose of AI development,” as well as aiming to “offer customers an opportunity to earn crypto for sharing their anonymized data using encrypted zero-knowledge proof technology.”<blockquote>“This aims to preserve user anonymity while capturing the necessary data points to be used in building AI models across manufacturing, biotech, education, and other industries,” the exchange said.</blockquote>On top of that, the CryptoGPT ecosystem aims to allow for building decentralized apps (dApps) on it, with the GPT tokens acting as payment for the data the network receives from users when using these dApps, as well as to ‘fuel’ transactions on the blockchain and in <a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">liquidity</a> events like buy-backs or burns.Shortly after this announcement, other <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> platforms have started jumping on the CryptoGPT listing bandwagon, including PancakeSwap (<a href="https://finbold.com/cryptocurrency/pancakeswap/" rel="noopener noreferrer nofollow">CAKE</a>), Bybit, Gate.io (<a href="https://finbold.com/cryptocurrency/gate/" rel="noopener noreferrer nofollow">GT</a>), Uniswap (<a href="https://finbold.com/cryptocurrency/uniswap/" rel="noopener noreferrer nofollow">UNI</a>), MEXC, and Bitget (<a href="https://finbold.com/cryptocurrency/bitget-token/" rel="noopener noreferrer nofollow">BGB</a>), as the team behind the project <a href="https://twitter.com/CryptoGPT_org/status/1633822427385073667" rel="noopener noreferrer nofollow">stressed</a> on its official Twitter page on March 9.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/14196ae5391342eebc6c07b5a2e1ad75.png" /><h2 id="header-1">CryptoGPT price analysis</h2>After its listing on these exchanges, the CryptoGPT price climbed over 30% to $0.04943, recording a 24-hour trading volume of $256 million and a self-reported market capitalization of nearly $14 million, according to the <a href="https://coinmarketcap.com/currencies/cryptogpt/" rel="noopener noreferrer nofollow">data</a> retrieved from crypto tracking platform <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> on March 10.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/05d4fc70c8a143f4882fa7a0fef07551.png" />CryptoGPT 24-hour price chart. Source: <a href="https://coinmarketcap.com/currencies/cryptogpt/" rel="noopener noreferrer nofollow">CoinMarketCap</a>At the same time, accounts claiming to be related to the new AI token have flooded the Twitter crypto sphere, in addition to the various trending Twitter hashtags related to it, such as ‘Download CryptoGPT,’ and the like.Read more <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency news</a>.

Explained: What you should know about newly-listed CryptoGPT (GPT) coin

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