BlockGPT, a pioneering Web3 company, has introduced its revolutionary ‘chat to earn’ artificial intelligence (AI) service, accompanied by a blockchain-based ecosystem. The firm’s vision is to establish a decentralized chatbot on the blockchain that rivals OpenAI’s renowned ChatGPT.
On May 11, BlockGPT made a significant announcement regarding the launch of its AI model, alongside the introduction of two tokens: BGPT, a governance token, and AIBGPT, a meme token. These tokens are built on PancakeSwap, a decentralized exchange facilitating BEP-20 token trading.
In addition to the tokens, BlockGPT has implemented a unique “chat to earn” reward system. Engaging in chat sessions with the AI model will enable users to earn nonfungible tokens (NFTs) and token prizes, as revealed in the press release.
BlockGPT employs over six generative pre-trained transformer (GPT) models, utilizing a proprietary dataset for training. Although the technical specifications are not explicitly disclosed in the white paper, it emphasizes that the AI system was exclusively designed to address queries related to blockchain technology. The vast dataset utilized includes blockchain-related information, resources, and research papers.
Developers will benefit from the BlockGPT model’s capabilities, as it allows for on-chain AI inference through the essential AI Inference Engine. To provide a reliable framework for building DApps and smart contracts leveraging AI technology, BlockGPT utilizes the Synapse engine, as mentioned in the white paper.
BlockGPT’s launch occurs amidst a flurry of activity in the AI and token domains. Notable memecoins like Dogecoin and Pepe (PEPE) have garnered significant attention, while the competition among chatbot offerings such as OpenAI’s ChatGPT and Google’s Bard continues to dominate technology news.
With its ‘chat to earn’ ecosystem and blockchain-based AI model, BlockGPT demonstrates its commitment to revolutionizing the way individuals interact with AI and blockchain technology. The introduction of BGPT and AIBGPT tokens further strengthens the company’s vision of decentralization and community participation in the evolving Web3 landscape.