ChatGPT doesn’t just make cheaters happy. Many cryptocurrencies are also benefiting from its success.
ChatGPT is everywhere: in the universities, in the media and even among hackers. In recent months, the artificial intelligence of Open AI has seen its popularity explode, to the point of prompting Microsoft to want to invest $10 billion more in business. The web giant is now aiming to be the first to integrate the chatbot into its products, from its search browser to its word processing tool Word.
The success of ChatGPT not only benefits Open AI. In recent months, the progress made in artificial intelligence has been such that all services and products directly or indirectly related to this technology benefit from it. As reported by the specialized American site The blockcryptocurrency is no exception to the rule. Nine cryptoassets powered by artificial intelligence recently recorded a significant increase in their price.
The price of AI goes up
According to the data of CoinGeko, transmitted by The blocksome AI-powered tokens have earned more than 50% in a few days. This is especially the case with the crypto Image Generation AI (ImgnAI), which launched last October. The project of designing throwback-style images using a simple chatbot has reached an all-time high, taking more than 700% of its value from January 9th. For its part, the British company Fetch.ai has also benefited from the situation, with its price increasing by 600% since January 5th.
ImgnAI and Fetch.ai aren’t the only ones who have seen the tide turn in their favor since the ChatGPT explosion. While these tokens remain a drop of water in the global crypto ocean, largely dominated by Bitcoin or Ether, this market disruption remains symptomatic of what is shaping up to be a revolution of the digital world according to Bill Gates. Note, however, that this massive increase occurs in a remission context for cryptoassets : after the last collapse, the price of Bitcoin also seems to have risen again, returning above the 20,000 threshold, a first time since the fall of FTX last November.