Hong Kong – AI-blockchain platform ChainGPT has recently announced the integration of a web3 compliance provider Blockpass’ KYC platform into its decentralised fundraising platform and launchpad. This collaboration enables the platform’s combined incubator and launchpad to facilitate the development of projects in a safe and regulated manner.
In this initiative, the two aim to cultivate a secure ecosystem, ensuring adherence to compliance standards. These include focusing on artificial intelligence as a tool to enhance efficiencies, implement privacy-centric solutions, automate processes, and harness the capabilities of AI and machine learning to propel advancements in crypto, blockchain, and Web3 technologies.
More specifically, this collaboration will enable ChainGPT Pad to facilitate the development of the next generation of AI, Infra, DeFi, DecSi, and SocialFi projects.
Pooling capital from retail users through its decentralised platform, the platform’s IDOs provide higher security for end users than alternate fundraising methods by collecting the funding and only releasing it to the projects after satisfying certain criteria.
In addition, the ChainGPT Lab incubation and acceleration program facilitates a multi-month-long program of intense and intimate collaboration between promising projects that are looking to launch into Web3 that provides support and guidance alongside the acceleration of development for the projects.
Blockpass, on the other hand, has a range of compliance tools designed to lower onboarding costs, automate remediation, prove humanity, and protect against malicious actors, fraudulent activities, bots, and AI. This allows businesses to set up services quickly, test them for free, and start verifying users.
Speaking about the integration, ChainGPT team said, “With the integration of Blockpass KYC into ChainGPT Pad, we are setting a new standard for compliance and security in the decentralised fundraising space. Our collaboration ensures that ChainGPT ecosystem is providing a secure environment for our community and fostering trust in the ecosystem.”
Adam Vaziri, chief executive officer at Blockpass, also said, “ChainGPT and ChainGPT Pad represent the next stage in the evolution of blockchain solutions by harnessing the power of AI, and we’re delighted to be able to play a part in seeing its new and exciting possibilities brought to fruition.”
“AI has the potential to fundamentally change how services and solutions are developed, and we’re fully prepared to ensure that such processes are carried out in accordance with the highest regulatory standards in order that we can all realise this future without issue,” Vaziri added.
