BlockGPT, a new Web3 company, has launched a chat-to-earn AI service and related blockchain ecosystem. The company aims to create a decentralized, token-governed chatbot on the blockchain with similar functionality to OpenAI’s ChatGPT.
BlockGPT unveils its BEP-20 tokens
BlockGPT is offering two tokens, a governance token called BGPT and a meme token called AIBGPT, both built on PancakeSwap, a decentralized exchange that allows users to trade BEP-20 tokens. Along with the tokens, the company is offering a “chat to earn” reward system, which allows users to earn non-fungible tokens and token prizes for engaging in chat sessions with the AI model.
The blockchain ecosystem that BlockGPT is offering represents an exciting development in the intersection between blockchain and AI. By utilizing the power of GPT models and a proprietary dataset, the company is offering a platform that can answer an extensive range of blockchain-related queries.
The blockchain will use the native tokens for governance
The chat-to-earn reward system is a novel way of incentivizing users to engage with the AI model and generate interest in the platform. The introduction of tokens and non-fungible tokens as rewards for users is likely to create a vibrant ecosystem that encourages user engagement and fosters innovation.
BlockGPT’s Synapse engine is also a crucial development, enabling developers to build DApps and smart contracts that leverage AI technology. This feature will make it easier for developers to integrate AI models into their decentralized applications, which could have a significant impact on the blockchain industry as a whole.
The company’s chat-to-earn reward system, along with its use of GPT models and Synapse engine, makes it a promising addition to the blockchain ecosystem. With the rise of memecoins and other chatbot offerings, BlockGPT’s launch is likely to generate considerable interest and inspire further innovation in this field.
