BlockGPT is a blockchain-based chatbot with functionalities akin to OpenAI’s ChatGPT, as highlighted by the company. Furthermore, two tokens are being released to support and govern the AI model: BGPT and AIBGPT, both of them based on PancakeSwap – a decentralized exchange for BEP-20 tokens.
BlockGPT has recently announced a novel reward system that allows users to gain NFTs and tokens by engaging with the AI model in chat sessions. According to the company’s white paper, they have more than six GPT models which have been tailored using their own proprietary dataset. This is what BlockGPT are offering to incentivize participation with their AI platform.
While nuances concerning its technical specifications, such as the size of the corpus or the number of parameters used to train it, are not provided in detail by this paper, it is stated that this particular AI was developed with a specific purpose in mind: responding to questions related to blockchain.
“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.”
As outlined in this paper, BlockGPT is designed to facilitate on-chain AI inference using its AI Inference Engine. Furthermore, it utilizes Synapse as a platform to develop decentralized applications and smart contracts that are powered by AI techniques.
The release of BlockGPT coincides with a lot of movement in the fields of artificial intelligence and cryptocurrency. In particular, there has been a lot of buzz around meme-based coins like Dogecoin and Pepe (PEPE), as well as intense competition between chatbot platforms such as OpenAI’s ChatGPT, Google’s Bard, and many others, which has been a major topic in the technology industry for several months.
