- GT Protocol leverages advanced AI building technologies to power the project.
- New GT protocol features promise better accessibility and functionality for users.
- In addition to technological upgrades, the project seeks to attract more users through financial incentives.
With AI becoming the new “thing” in technology following the success of OpenAI’s ChatGPT, nearly every industry has been seeking AI intersections and integrations to gain traction. The cryptocurrency and Web3 industries were no different.
GT Protocol is one of the projects seeking to combine AI and cryptocurrency that has gained attention in recent weeks. Users can use AI-powered chatbots to execute trades and manage their portfolios. Building on the recent interest that saw its native token GTAI surge 150% in September 2024, the project has now unveiled a slew of user accessibility improvements.
A more powerful platform
To increase interest, GT Protocol has strengthened the project with advanced AI building technology. In a recent statement, the project said it has become more accessible and powerful by leveraging AI model training tools such as Google Vertex AI, IBM Watsonx Assistant, and Microsoft AI Builder.
The project announced new features including voice-to-text, which allows users to interact with AI chatbots using voice commands, and image recognition, which helps provide users with transactional analytics from screenshots.
The platform now claims to be able to perform operations autonomously, boasting better access to real-time data thanks to partnerships with several centralized exchanges and projects such as Tron and Avalanche.
In addition to technological upgrades, the project seeks to attract more users through financial incentives.
GT Protocol Airdrop Plan
In a recent statement, GT Protocol revealed that it is engaging in and planning several marketing activities to strengthen its community. First of all, the project has signed a partnership with the AI-based Decentralized Physical Infrastructure Network (DePIN) project Shieldeum to allow GTAI holders to receive points for project airdrops.
At the same time, GT Protocol revealed plans to conduct GTAI airdrops. CoinMarketCap Users can get more awareness.
Commenting on the latest developments, GT Protocol CEO Peter Lonov expressed his excitement for the project’s progress and hinted at more plans.
"We’re grateful for all the positive feedback and support we’ve received from our growing community as our platform and token activity increase. Our community will be overjoyed to know that we have a lot more in the pipeline including an integration with Ethereum to expand our platform’s functionality," he asserted.
As of this writing, the price of GTAI has not yet been affected by these recent developments. The asset is trading around $0.8, down 1% over the last 24 hours.
On the flipside
- Despite the promise of the GT protocol, it has yet to gain as much traction as other AI crypto projects such as Bittensor (TAO) and Render (RENDER).
- As of this writing, the project’s market capitalization is only about $27 million, making it the 735th largest asset by market capitalization.
- GTAI’s price growth cooled significantly in October, with trading volumes for the asset remaining nearly 20% below its September 2024 peak of around $1.
Why This Matters
A major problem with cryptocurrency adoption has been poor UX due to its technical complexity. GT Protocol’s chatbot interface promises to abstract this complexity and make Web3 more accessible.
For more information about GT Protocol, please read:
GTAI Rises 150% in 30 Days, Leading AI Token on BNB Chain
Learn more about Ethereum’s recent price action.
Ethereum surges 7%, hits 2-month high: Here’s what’s next: