- GT Protocol has leveraged advanced AI-building technologies to bolster its project.
- New GT Protocol features promise users greater accessibility and functionality.
- Beyond technological upgrades, the project also seeks to attract more users through financial incentives.
With AI becoming the new “in thing” in tech following the success of OpenAI’s ChatGPT, nearly every industry has sought out AI intersections and integrations to drive interest. The crypto and Web3 industries have been no different.
GT Protocol is one such project attempting to combine AI and crypto that has garnered attention in recent weeks. It allows users to execute trades and manage their portfolios using an AI-powered chatbot. Building on recent interest that saw its native token GTAI soar 150% in September 2024, the project has now unveiled a slew of user accessibility improvements.
A More Robust Platform
To bolster interest, GT Protocol has enhanced its project with advanced AI-building technology. In a recent statement, the project disclosed that by leveraging AI model training tools like Google Vertex AI, IBM Watsonx Assistant, and Microsoft AI Builder, it has become more accessible and robust.
The project announced new features, including speech-to-text, which allows users to interact with the AI chatbot using voice commands, and image recognition, which helps provide users with trading analysis from screenshots.
The platform now claims to be able to autonomously perform tasks while boasting better access to real-time data thanks to partnerships with several centralized exchanges and projects like Tron and Avalanche.
Beyond technological upgrades, the project also seeks to attract more users through financial incentives.
GT Protocol Airdrop Plans
In a recent statement, GT Protocol revealed that it was involved in and planning several marketing efforts to bolster its community. For one, the project has entered into a partnership with AI-powered decentralized physical infrastructure network (DePIN) project Shieldeum to allow GTAI holders to receive points for the project’s airdrop.
At the same time, GT Protocol has disclosed plans to conduct a GTAI airdrop for CoinMarketCap users to garner more recognition.
Commenting on the recent developments, GT Protocol CEO Peter Lonov expressed excitement about the project’s progress while hinting at more initiatives.
"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.
At the time of writing, GTAI’s price has yet to be impacted by these recent developments. The asset is trading around the $0.8 price point, representing a 1% decline in the past 24 hours.
On the Flipside
- Despite GT Protocol’s prospects, it has yet to garner significant interest like other AI-crypto projects such as Bittensor (TAO) and Render (RENDER).
- At the time of writing, the project’s market capitalization is only about $27 million, making it the 735th-largest asset by market cap.
- GTAI’s price rally significantly cooled in October, with the asset trading nearly 20% lower than its September 2024 peak of about $1.
Why This Matters
A major problem for crypto adoption has been poor UX due to its technological complexity. GT Protocol’s chatbot interface promises to abstract away this complexity and make Web3 more accessible.
Read this for more on GT Protocol:
GTAI Rallies 150% in 30 Days, Leads AI Tokens on BNB Chain
Learn more about Ethereum’s recent price action:
Ethereum Eyes 2-Month High in 7% Surge: Here’s What’s Next
