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CryptoGPT Raises Funds at a $250 Million Token Valuation

CryptoGPT, a zero-knowledge layer 2 blockchain network that leverages artificial intelligence, has raised $10 million in a Series A funding round from DWF Labs at a $250 million token valuation. However, only $420,000 of the total amount has been invested so far, with the rest to be invested over 285 days in line with the vesting schedule outlined in CryptoGPT's tokenomics. DWF Labs will also become an active market maker for CryptoGPT's GPT token. The funds will be used to grow CryptoGPT's developer team and expand in Asia. Its mainnet is expected to go live in Q3 2023. Previously, CryptoGPT raised $3 million in a token round through a public sale of DAO Maker.

(By Yogita Khatri)

DWF Labs AI
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