Kaito goes live with airdrop: AI to collect and monetize crypto trends
Artificial intelligence is also growing in importance in the crypto industry. Kaito has raised $5.3 million in capital to establish itself as the AI language model for crypto and is now launching a ready-to-use product with an airdrop.
The transformational significance of AI can hardly be overlooked since ChatGPT suddenly became known. AI can make information from fragmented sources accessible in a simple manner, and crypto is also observing new developments there. Newcomer Kaito has already attracted attention by raising $5.3 million in venture capital. On X (formerly Twitter), Kaito celebrated the start of its AI language model with a giveaway, a common method of distribution in the crypto industry.
Innovative technology for analyzing crypto trends through AI is behind Kaito. The machine learning algorithms are designed to filter relevant information from often conflicting recommendations and news from the crypto industry and transform it into simple, actionable signals. According to Kaito, its AI model is already being successfully used on platforms like Binance, The Block, and Delphi Digital.
The airdrop of Kaito is already over, recorded in a token with the abbreviation KTO. With it, you could buy an NFT on OpenSea under certain conditions, which enables you to participate in a Kaito Pro version for several months free of charge. For the time being, no integration of KTO in the sense of classic crypto tokens is planned.
Kaito is thus breaking new ground, as it does not count on getting its AI products to customers through its own cryptocurrency ecosystem. Instead, Kaito relies on the fact that especially professional traders and NFT fans quickly see the purpose of its AI models and integrate them into everyday business. The Kaito app is available for Android and iOS with a test version.
From Germany, Kaito is likely to observe an interesting competitor: Vethebter was awarded the German AI Prize last week. German AI is focused on economic applications and also has scenarios such as market research on its radar. Vethebter also recently presented a test version that is supposed to specifically support business processes with blockchain.
Experts recognize a new field with its own potential in AI for finance and crypto. Whether Kaito can live up to the start-up buzz remains to be seen. However, the example of Kaito shows that AI models in the crypto industry can already demonstrate practical value, which has intrigued investors and users.
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