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CryptoGPT recently rolled out AI assistant "Alex" and is developing its ZK rollup layer 2 blockchain and a data-to-AI engine, which collects, encrypts and transfers data for commercial applications. Zero-knowledge (ZK) layer 2 blockchain CryptoGPT has cashed in on the recent surge in interest around artificial intelligence (AI) to raise $10 million in funding. The Series A round, which was led by market maker DWF Labs – which has emerged as one of the most active investors during the crypto bear market – gave the AI-focused blockchain a $250 million valuation, according to a statement. CryptoGPT recently rolled out Web3-focused AI assistant "Alex" and is developing its ZK rollup layer 2 blockchain and a data-to-AI engine, which collects, encrypts and transfers data for commercial applications. "Instead of applying ZK technology to payments, CryptoGPT integrates it for private data transfers," CryptoGPT said in the statement on Monday. The proceeds of the new funding will be used to grow its developer team globally and build on its regional presence in the Asian markets, said Dejan Erja, co-founder and chief technology officer of the AI-focused blockchain.