ChainGPT has announced a $1 million grant program to back projects focused on the intersection between AI and blockchain. This program, disclosed in a press release, offers selected startups the potential to test ChainGPT’s development toolkit, which may include APIs and SDKs.
These tools are geared towards improving the process for startups to build and scale their projects in a scalable and efficient manner.
The funding program highlights the increasing popularity of AI and blockchain. However, Buterin’s latest ideas further accentuate the synergy between both fields. In his opinion, by fusing these two fields, there may be some benefits from crypto as well.
This grant program offers awards of up to $50,000 for startups, with a total of $1 million provided. The program has received several applications, and the first recipients involve crypto companies like KryptoMunky, GT Protocol, Cookie3, and AITECH.
According to ChainGPT, one main hurdle is combining the unified nature of AI with the distributed values of blockchain and Web 3. Their grant program is targeted at financing small and medium enterprises and comes amid a steep hurdle that many SMEs are facing.
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