Cryptogpt gets $10M fund at $250M valuation to expand into Asian market

Cryptogpt, a Layer two (L2) project that combines ZK-rollup technology and artificial intelligence (AI), has raised $10 million in a Series A funding round at a valuation of $250 million. 

The financing round was led by DWF Labs, a leading digital asset market maker, and multi-stage Web3 investment firm, tweeted the company.

“New funding at a $250M valuation from DWF Labs positions GPT both financially and strategically with the most established layer-2 developments in Web3,” the company said. 

The new funds will be used to expand Cryptogpt’s reach in the largest Asian markets and grow its developer team globally.

The company has already received a $10M strategic investment from the largest Asian market maker, which positions Cryptogpt financially and strategically with the most established layer-2 developments in Web3.

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