Image credit : Twitter
‘Chat to Earn’ artificial intelligence (AI) service and associated blockchain ecosystem will go live on May 11, according to BlockGPT, a recently established Web3 firm.
The business claims that BlockGPT seeks to develop a decentralized, token-governed chatbot on the blockchain with features comparable to those of OpenAI’s ChatGPT.
$BGPT is not the only token in #BlockGPT ecosystem. We’re excited to introduce $AIBGPT, a free airdrop token belonging to the BlockGPT community. It has a total supply of 10,000,000,000,000.
But act fast😉it’s first come, first serve!
Threads🧵#AI #Airdrop #memecoins #BNB pic.twitter.com/j03IeT0gVY
— BlockGPT BSC (@BlockGPT_BSC) May 10, 2023
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 can exchange BEP-20 tokens.
Along with the tokens, BlockGPT also provides a “chat to earn” incentive program. According to the press release, users will be able to participate in conversation sessions with the AI model in order to earn nonfungible tokens (NFTs) and token rewards.
The startup is deploying more than six generative pre-trained transformer (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 paper asserts that the AI was particularly created to respond to blockchain-related queries but provides no information on the size of the corpus, the number of parameters used to train the model, or any other essential technical details:
“BlockGPT was trained using a vast dataset of Blockchain-related information, resources, and research papers. […] As a result, BlockGPT is now capable of comprehending and answering an extensive range of questions related to Blockchain technology.”
Additionally, according to the paper, the BlockGPT model will enable “on-chain AI inference through its essential AI Inference Engine” and it made use of the Synapse engine to provide “a reliable framework for building DApps and smart contracts that leverage AI technology.”
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The debut of BlockGPT coincides with a flurry 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 dominated technology news for months. Memecoins like Dogecoin and Pepe (PEPE) have recently grabbed headlines.