‘CryptoGPT’ Twitter accounts spring up as hashtag trends on Twitter
A Twitter hashtag referring to a purported synthetic intelligence crypto token known as “CryptoGPT” has been trending on Twitter.
Alongside it, quite a lot of very similar-looking Twitter accounts have additionally sprung up — a few of which have been touting doubtless faux giveaways.
As of the time of writing, “Obtain CryptoGPT” was trending, with 6,185 tweets related to it. GPT-4 (Generative Pre-trained Transformer 4), an unreleased neural community created by OpenAI, was additionally trending with 4,683 tweets.
In the meantime, dozens of Twitter accounts sporting the title “CryptoGPT” can be discovered on Twitter, with some providing doubtless faux giveaways or airdrops
Many of those accounts describe the purported challenge as permitting customers to make use of blockchain to monetize their knowledge with AI. The system relies on Ethereum and scales with a zero-knowledge rollup layer-2 community.
The challenge purportedly goals to draw decentralized utility builders to construct on its blockchain. CrypoGPT will supply its GPT tokens as cost for nameless person knowledge generated from the utilization of those DApps.
Opposite to what its title could counsel, nonetheless, the challenge doesn’t seem like immediately associated to the ChatGPT AI chatbot that has taken the web by storm in latest months.
The crypto token additionally seems to have backing from sure crypto exchanges, at the least from a list perspective.
On March 8, Bitfinex announced it will listing CryptoGPT’s native GPT token two days later, describing it as a challenge that goals to supply customers a possibility to earn crypto for sharing their anonymized knowledge. Different exchanges that can reportedly listing the GPT token embrace PancakeSwap, ByBit, Gate, MEXC and Bitget, amongst others.
Associated: ChatGPT learns Bitcoin will finish central banking and fiat foreign money
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.
#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 influence traders into buying tokens, then secretly promoting their stake within the scheme when costs go up.