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BlockGPT, a newly established Web3 enterprise, revealed the debut of its ‘chat to earn’ artificial intelligence (AI) service along with a corresponding blockchain ecosystem on May 11.
The organization states that BlockGPT intends to develop a decentralized, token-governed chatbot on the blockchain that offers functionality akin to OpenAI’s ChatGPT.
$BGPT is not the sole token within the #BlockGPT ecosystem. We’re thrilled to announce $AIBGPT, a complimentary airdrop token for the BlockGPT community. It has a total supply of 10,000,000,000,000.
However, act quickly—it’s first come, first served!
Threads#AI #Airdrop #memecoins #BNB pic.twitter.com/j03IeT0gVY— BlockGPT BSC (@BlockGPT_BSC) May 10, 2023
The launch of the AI model coincides with the introduction of two tokens: a governance token named BGPT and a meme token referred to as AIBGPT. Both tokens are reportedly constructed on PancakeSwap, a decentralized exchange that facilitates the trading of BEP-20 tokens.
BlockGPT is implementing a “chat to earn” reward mechanism in conjunction with the tokens. As stated in the press release, this system will enable users to earn nonfungible tokens (NFTs) and token rewards for participating in chat interactions with the AI model.
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A white paper available on the BlockGPT website indicates that the company is utilizing over six generative pre-trained transformer (GPT) models on its platform, which were trained using a proprietary dataset.
The document does not provide details regarding the size of the dataset, the number of parameters used for training the model, or any other specifics pertinent to the AI’s technical attributes, but it asserts that it was specifically crafted to address blockchain-related inquiries:
“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.”
The paper further mentions that the BlockGPT model will enable developers to facilitate “on-chain AI inference through its essential AI Inference Engine” and that it employed the Synapse engine to deliver “a reliable framework for building DApps and smart contracts that leverage AI technology.”
Related: What is Google’s Bard, and how does it work?
BlockGPT’s launch occurs amidst a surge of activity in both the AI and token sectors. Memecoins like Dogecoin (DOGE) and Pepe (PEPE) have recently garnered attention, and the rivalry among OpenAI’s ChatGPT, Google’s Bard, and numerous other chatbot solutions has been a focal point in technology news for several months.
