ChainGPT unveils $1M grant scheme for startups supercharging Web3-AI innovation
Selected participants in the initiative will gain access to ChainGPT’s suite of AI-powered blockchain tools, including its APIs and SDKs, enabling streamlined development and scalability
Dover, DE, USA, March 11, 2024 — ChainGPT, the AI-powered Web3 infrastructure providing a diverse suite of tools and services, announces the launch of a grant program to help facilitate innovation at the crossroads of AI and blockchain. With a total of up to $1 million in grants available for startups across different development stages, ChainGPT will offer three tiers of funding: Scaling-focused growth grants, builder grants to kickstart early-stage innovation, and research grants for newly launched projects.
Ethereum founder Vitalik Buterin recently wrote about possible synergies between AI and blockchain, concluding that he looks forward to “seeing more attempts at constructive use cases of AI in all these areas, so we can see which of them are truly viable at scale.” While this sentiment is widely agreed upon among Web3 builders, AI’s centralized nature creates friction with blockchain and Web3’s core ethos. Overcoming this and other obstacles disrupting collaboration between the technologies requires honing in on R&D as well as promoting industry dialogue and education.
Establishing the grant program aligns with ChainGPT’s core mission to enhance the blockchain space with AI-powered solutions and support Web3 developers building AI technologies designed for blockchain. The program’s chief objective is to remove entry barriers for startups—providing them with the necessary resources to allow innovation to flourish by empowering them with AI technologies tailored to blockchain applications.
A core feature of the grant program is the
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