A Twitter hashtag referring to a purported synthetic intelligence (AI) crypto token known as “CryptoGPT” has been trending on Twitter.
Alongside it, numerous very similar-looking Twitter accounts have additionally sprung up — a few of which have been touting doubtless pretend giveaways.
As of the time of writing, “Obtain CryptoGPT” is trending with 6,185 tweets related to it. GPT-4 (Generative Pre-trained Transformer 4), an unreleased neural community created by OpenAI, can also be trending with 4,683 tweets.
In the meantime, dozens of Twitter accounts sporting the identify “CryptoGPT” can be discovered on Twitter, with some providing doubtless pretend giveaways or airdrops
Many of those accounts describe the purported challenge as permitting customers to make use of blockchain to monetize their information with AI. The system is predicated on Ethereum and scales with a zero-knowledge rollup layer-2 community.
The challenge purportedly goals to draw decentralized software builders to construct on its blockchain. CrypoGPT will provide its GPT tokens as fee for nameless consumer information generated from the utilization of those DApps.
Opposite to what its identify could recommend, nonetheless, the challenge would not seem like immediately associated to the ChatGPT AI chatbot that has taken the web by storm in current months.
The crypto token additionally seems to have backing from sure crypto exchanges, at the very least from a list perspective.
On Mar. 8, Bitfinex introduced a list of GPT on Mar. 10, describing CryptoGPT as a challenge that goals to supply customers a possibility to earn crypto for sharing their anonymized information. Different exchanges that can reportedly record the GPT token embrace PancakeSwap, ByBit, Gate, MEXC, Bitget, amongst others.
Associated: ChatGPT learns Bitcoin will finish central banking and fiat forex
Earlier this yr, blockchain analytics agency PeckShield warned its followers about dozens of alleged “pump & dump” tokens purporting to be associated to ChatGPT and Bing AI, in a Feb. 20 Twitter submit.
#PeckShieldAlert PeckShield has detected dozens of newly created #BingChatGPT tokens, of which 3 seem like #honeypots & 2 have excessive promote tax. 2 of them have already dropped over -99%.
Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme #AI #ChatGPT pic.twitter.com/merQikuslk— PeckShieldAlert (@PeckShieldAlert) February 20, 2023
A pump-and-dump scheme usually includes the creators orchestrating a marketing campaign of deceptive statements and hype to steer buyers into buying tokens, then secretly promoting their stake within the scheme when costs go up.
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