How Crypto Developers Can Leverage OpenAI’s New ChatGPT

By BeInCrypto November 26, 2023 In Projects

On November 6, OpenAI’s inaugural developer conference, DevDay, in San Francisco, marked a pivotal moment in AI evolution. The event showcased five products, including the ChatGPT-4 Turbo and Custom GPT Models, reshaping AI and potentially influencing the future of crypto.

In his keynote, Sam Altman stressed OpenAI’s commitment to making GPT a foundational, user-friendly tool for AI product development. For example, the new GPT-3.5 Turbo 4K model offers reduced pricing for input and output tokens, making it affordable and accessible for developers to build new cryptocurrency projects.

New ChatGPT to Make the Most Out of Crypto

OpenAI’s new approach mirrors the early Internet era’s focus on user experience and reduced costs. Therefore, this will lead to a future where AI, like the Internet, becomes a ubiquitous, affordable tool.

The company anticipates a similar trajectory for GPT, foreseeing a significant reduction in AI usage barriers and costs, democratizing AI access, and promoting broader engagement. Particularly impactful is the role of GPT in the cryptocurrency industry. Custom GPTs enable even non-technical individuals to create Web3 projects effortlessly.

For instance, one could quickly develop a platform directing users to the latest crypto airdrops. This involves navigating to “My GPTs,” customizing ChatGPT, enabling web browsing, and deploying the project.

However, vigilance is essential due to GPT’s tendency for inaccuracies, as reflected in the standard disclaimers about potential errors.

“The GPT models are great at recognizing patterns, but without enough data they’ll try their best to interpret and recreate a pattern that seems most probable. With minimal data it’s likely to produce a wide variety of potential outputs,” highlights OpenAI.

While MyGPT simplifies GPT-centric application development, more complex applications require additional functionalities beyond GPT’s scope.

For example, integrating user analytics into a GPT-based application requires further technical development. In such cases, incorporating GPT into existing crypto projects becomes more practical.

An example of this is enhancing SocialFi projects with GPT APIs, enabling the creation of unique avatars with distinct speech and emotional traits. Thus enriching user experience and leveraging GPT’s capabilities effectively.

OpenAI’s DevDay heralded a new era in the convergence of AI and decentralized applications. Advancements in AI tools like GPT are set to bring unparalleled innovation and growth to the crypto market due to cost-efficient tools breaking down usage and financial barriers.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

Published on