A new Web3 effort intends to create a system with AI on the blockchain in the ChatGPT manner.
The chat to earn artificial intelligence (AI) service and associated blockchain ecosystem will go live on May 11 according to BlockGPT, a recently established Web3 company. The business claims that BlockGPT seeks to develop a decentralized, token-governed chatbot on the blockchain having features comparable to those of OpenAI's ChatGPT. The release of the AI model coincides with the release of two tokens: BGPT, a governance token, and AIBGPT, a meme token. Both are said to be constructed on PancakeSwap, a decentralized marketplace where users may swap BEP-20 tokens.
Along with the tokens, BlockGPT also provides a chat to earn incentive programs. According to the press release, users will be able to participate in conversation sessions with the AI model in order to earn non-fungible tokens (NFTs) and token rewards. The startup is deploying more than six generative pre-trained converter (GPT) models on the platform, according to a white paper that can be seen on the BlockGPT website. The models were trained using a confidential dataset. The article asserts that the AI was particularly created to respond to blockchain-related inquiries but provides no information on the size of the collections the number of variables used to train the model, or any other essential technical details:
Tweet by BlockGPT BSC
BlockGPT has been instructed using a sizable library of materials, sources, and research papers related to blockchain technology. [...] As a consequence, BlockGPT is now able to understand and respond to a wide range of inquiries about Blockchain technology. Additionally, the paper clearly shows that the BlockGPT model would enable on-chain AI inference through its essential AI Inference Engine, and it made use of the Synapse engine to give a solid framework for creating AI-powered DApps and smart contracts.
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The debut of BlockGPT coincides with an upsurge of activity in the token and AI markets. The fight between OpenAI's ChatGPT, Google's Bard, and a variety of other chatbot products has been dominating technology news for months. Memecoins like Dogecoin and Pepe (PEPE) have lately grabbed headlines.
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