ChainGPT Reveals $1M Grant Program Boosting Web3-AI Startups

Dover, DE, Tuesday, April 09, 2024- ChainGPT, a company offering AI-powered Web3 infrastructure, has launched a $1 million grant program to bolster innovation at the intersection of artificial intelligence (AI) and Web3 technologies.¹

Web3 refers to a decentralized version of the internet built on blockchain technology, while AI encompasses intelligent machines that can learn and problem-solve.

The program, announced on March 7, 2024, aims to support promising startups developing solutions that bridge the gap between these two rapidly evolving fields.

Selected startups will receive funding of up to $50,000 alongside access to ChainGPT’s suite of blockchain tools, including application programming interfaces (APIs) and software development kits (SDKs).

ChainGPT emphasizes various focal points for its grant program. These include decentralized AI marketplaces, AI-driven data governance solutions tailored for Web3, and the incorporation of AI capabilities into Web3 applications such as DeFi and NFTs.

The program has already attracted applications from various startups, with some early recipients including Kryptomon, GT Protocol, Cookie3, and AITECH.

This move by ChainGPT reflects a growing trend of collaboration between AI and Web3 communities. The grant program seeks to accelerate the development of innovative solutions that could reshape the future of both technologies.

Sources