ChatGPT is Helping This New Project Take Crypto Search to The Next Level – A Game-Changer for the Industry?

cryptonews.com:

Ai-powered Web3-focused search engine Kaito just raised $5.3 million in a seed fundraising round, according to a recent TechCrunch report. Kaito says the funds will be used to increase the size of the team and speed up product development. 

Participants in the round, which was led by Dragonfly Capital, include Sequoia Capital China, Jane Street, Folius Ventures, Alpha Lab Capital and Mirana Ventures.

Kaito utilizes AI technology to aggregate Web3-relevant information into a one-click product, scraping and summarizing information from platforms like Twitter, Discord, governance forums, Medium and podcast transcriptions. 

Kaito’s search engine will also optimize search results by using similar techniques to the established giants like Google and Bing, such as ranking, topic mining and personalized recommendations.

Kaito has already launched an institutional version of its platform. Meanwhile, it is currently working with OpenAI to integrate ChatGPT into a future version of its search engine designed for individuals. ChatGPT, the world’s most advanced AI-powered chatbot, recently became the fastest application in history to surpass 100 million users. It is viewed by many as a massive technological breakthrough that will have an immediate and profound impact on the way that we browse the web and work.

In crypto and web3, people are constantly fighting against “information overload,” Yu Hu, the founder and CEO of Kaito said in an interview with TechCrunch. Kaito is “shortening the path to finding answers from 30 minutes or an hour into 10 seconds,” he proclaimed.

Hu is a finance veteran, having working at Citadel, one of the world’s most profitable hedge funds, for nearly a decade. After becoming interested in crypto back in 2017,