ChainGPT, the AI-powered web3 infrastructure that offers a wide range of tools and services, has announced the opening of a funding programme to support innovation at the intersection of blockchain and AI.
TakeAway Points:
- ChainGPT announces a $1 million award programme to help entrepreneurs accelerate web3-AI innovation.
- ChainGPT will offer funding for scaling-focused growth grants, builder awards to spur early-stage innovation, and research grants for recently launched initiatives.
- The programme aims to increase entry for entrepreneurs by arming them with AI technology specifically designed for blockchain applications.
ChainGPT Offer of $1 Million Grant
ChainGPT will offer three funding tiers: scaling-focused growth grants, builder awards to spur early-stage innovation, and research grants for recently launched initiatives. A total of up to $1 million in grants will be accessible for entrepreneurs across different development phases.
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Vitalik Buterin, the founder of Ethereum, recently wrote about potential blockchain and artificial intelligence synergies and said he was looking forward to “seeing more attempts at constructive use cases of AI in all these fields, so we can evaluate which of them are genuinely viable at scale.”
Although Web3 designers generally agree on this, blockchain and the fundamental principles of web3 are at odds with AI’s centralised nature. Focusing on R&D and fostering industry communication and education are necessary to surmount these and other challenges impeding technology collaboration.
Moreover, launching the grant programme is in line with ChainGPT’s primary goals of supporting web3 developers creating AI blockchain technology and advancing the blockchain ecosystem through AI-powered solutions.
The programme aims to lower entry barriers for entrepreneurs by arming them with AI technology specifically designed for blockchain applications and giving them the tools they need to foster innovation.
“As a startup that provides incubation and an IDO launchpad, we will also provide promotional support, technical guidance, and partnership opportunities for participants in our grant program. This initiative is designed to encourage the next wave of digital innovation by promoting shared learning that will pave the way for a more robust web3 space, where AI and blockchain will unlock new possibilities and redefine what is possible in the digital domain,”
says Ilan Rakhmanov, CEO and Founder of ChainGPT.
One of the primary functions of the funding programme is to provide access to the ChainGPT ecosystem and its extensive collection of AI-powered blockchain technologies. Among these are ChainGPT’s SDKs and APIs, which give entrepreneurs a complete toolkit to create AI-powered tools, applications.
ChainGPT’s technical infrastructure allows members to take advantage of AI breakthroughs, regardless of whether a startup is seeking a plug-and-play solution via an API or a more customised approach utilising the SDK.
Applications for the funding programme are available online for startups. However, grants from startups are limited to $50,000.
According to the report, several proposals have already been submitted, and some have received funding from ChainGPTs.
About ChainGPT
ChainGPT provides a plethora of tools and services, such as an auditor and generator for smart contracts, sophisticated AI trading, an NFT generator, an AI-powered security extension, and SDK and API access for companies and developers looking to integrate ChainGPT. Encouraging the full ecosystem and gaining recognition for its strategic mentoring, the ChainGPT Pad has achieved top ROI rankings by supporting bright and creative web3 firms.
“We are fully committed to facilitating innovation within the budding AI-blockchain space, and our commitment to offering grants goes beyond simply monetary backing,”
Rakhmanov added.
