On Twitter, the hashtag “CryptoGPT” has been trending in relation to a putative artificial intelligence (AI) cryptocurrency coin. Alongside it, a number of Twitter accounts with extremely identical appearances have also appeared; some of them have been promoting probably bogus giveaways.
“Download CryptoGPT” is trending at the time of writing and has 6,185 tweets linked to it. With 4,683 tweets, the OpenAI neural network GPT-4 (Generative Pre-trained Transformer 4) is also trending. The term “CryptoGPT” is also used by dozens of Twitter accounts, some of which are likely advertising fraudulent giveaways or airdrops.
Several of these accounts claim that the alleged startup enables users to leverage blockchain and AI to monetize their data. Based on Ethereum, the system scales using a layer-2 network with zero-knowledge rollup. The project’s stated goal is to entice decentralized app developers to create applications for its blockchain. When users of these DApps generate anonymized user data, CrypoGPT will accept payment in the form of GPT tokens.
Contrary to what its name might imply, the project doesn’t seem to have any connection to the ChatGPT AI chatbot that has recently taken the internet by storm.
Also, the crypto currency seems to have support from a few crypto exchanges, at least in terms of listing.
Announcing the listing of GPT on Mar. 10 on Mar. 8, Bitfinex described CryptoGPT as a project that intends to give users the chance to earn cryptocurrency by sharing their anonymized data. According to reports, the GPT token will also apparently be listed on PancakeSwap, ByBit, Gate, MEXC, and Bitget, among other exchanges.
In a Feb. 20 Twitter tweet, blockchain analytics company PeckShield alerted its followers about dozens of bogus “pump & dump” tokens that claimed to be connected to ChatGPT and Bing AI.In a classic pump-and-dump scheme, the perpetrators orchestrate a campaign of false advertising and hype to get investors to buy tokens, then covertly sell their investment in the scheme when prices rise.
