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Investors are closely watching this week’s CPI and PPI print after returning from the Easter holiday. The broader cryptocurrency market remains calm, with Bitcoin and Ether down by 0.18% and 1.52%, respectively, in the past 24 hours. The hot token for today is CGPT, which aims to build a specialized Crypto AI Model for crypto-native users.
CGPT is the native token of ChainGPT and is hosted on BNB Chain. ChainGPT aspires to become a specialized version of ChatGPT for crypto and smart contract coding, catering to the needs of crypto developers and crypto investors. ChatGPT currently answers questions from users on a wide spectrum of fields, alternatively ChainGPT aims to feed crypto knowledge and coding language data to its AI model, making it more accurate than ChatGPT in answering questions related to crypto.
Users will have to own CGPT to access tools and products offered on the network. Similar to other crypto protocols, staking, and other crypto-native mechanisms are available for users to explore. The innovation project conducts its IDO on Seedify and will be listed on Bybit starting April 10, 2023.
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Layer 1 protocol Avalanche is poised to release “Evergreen Subnets” targeting traditional financial institutions. Subnet solutions have been in place by Avalanche for a while to attract blockchain game developers, which usually demand higher blockchain throughput and lower gas fees. DeFi Kingdoms, a popular play-to-earn project, was one of the many developers moving to the Avalanche network.
Now, the Evergreen Subnets has shifted its focus to financial institutions that ask for more customization on crypto infrastructure. Evergreen Subnets allow financial institutions to turn their own subnets into a private and “permissioned” chain while maintaining the ability to communicate with other decentralized subnets.
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