Using ChatGPT and other AI models to easily guide cryptocurrency investment

08/04/2023·1years ago

This year, the cryptocurrency market has continued to attract attention through various innovative projects and features. In particular, the ChatGPT trend has exploded globally, and artificial intelligence (AI) technology has rapidly developed across various industries. The cryptocurrency market is also paying increasing attention to the combination of AI technology and cryptocurrencies. With a large amount of capital flowing into the AI field and the rise of large language models (LLM), AI projects in the cryptocurrency world are improving the blockchain ecosystem in various ways. This article will share several practical and promising tool projects, introducing how to use AI technology to assist in cryptocurrency investment.

Easily guiding cryptocurrency investment with ChatGPT

Mr. Lin Weixiong from the Hong Kong Economic Times had a conversation related to cryptocurrency investment with ChatGPT. He first asked, "How can I use artificial intelligence to help me invest in cryptocurrencies?" ChatGPT then replied that it can be done using Crypto Trading Bots. He then asked, "What are Crypto Trading Bots?" It responded that they are software that uses artificial intelligence technology to automatically execute trades using market analysis tools, technical indicators, and data analysis, and to buy and sell cryptocurrencies when the market is favorable.

Mr. Lin found this very interesting, so he asked GPT, "Can you recommend some Crypto Trading Bots software?" GPT then provided several robot software platforms, including 3Commas, Cryptohopper, Gunbot, Haasbot, Zenbot, and their various introductions. In response to Mr. Lin's further inquiries, GPT even provided the download and installation addresses for these software, as well as tips on various free and paid packages, and step-by-step instructions on how to add API keys, create their own trading strategies, and start executing automated trades.

For many readers who have not actually used ChatGPT, this example will surely amaze you at how well GPT understands cryptocurrency investment. Through this example, we can intuitively feel that with the help of ChatGPT and various AI tools, even small investors who are not very familiar with AI can gradually apply them by asking ChatGPT, which is a very simple, efficient, and flexible investment tool. Next, we will introduce several investment tools that are combined with ChatGPT and various AI technologies to help everyone conduct simple and efficient investment activities.

Sharing practical tools

1. Kaito

Kaito is a Web3 search engine with a built-in ChatGPT based on AI large language models, which integrates TB-level unstructured information using AI technology and cryptography, allowing investors, researchers, developers, and the public to easily use this information through AI. Kaito aims to provide a new search experience for the entire Web3 community.

In February of this year, Kaito AI announced the completion of a $5.3 million financing round, led by Dragonfly Capital, with participation from Sequoia Capital, Jane Street, AlphaLab Capital, Mirana Ventures, and others. On June 22, Kaito completed another $5.5 million Series A financing round, led by Superscrypt and Spartan, with a valuation of $87.5 million.

The emergence of Kaito aims to solve the problem that traditional search engines (such as Google) cannot access encrypted information, and the Web3 community does not have its own search engine. Additionally, although ChatGPT is a powerful language model, it cannot access real-time encrypted data and cannot connect to data on many off-chain private domain platforms or on-chain data, thus failing to meet users' needs in this area. Kaito aims to combine traditional search engine capabilities to obtain real-time data with the powerful large language model, aiming to index information scattered across many crucial private platforms, such as Discord and Telegram, as well as on the blockchain.

Kaito's founder and CEO, Yu Hu, stated that Kaito uses cutting-edge Auto-GPT technology and powerful GPT4 large language models to introduce the most advanced AI technology into a wider range of web3 infrastructure and applications, including data labeling based on large language models, privacy-protected machine learning training, content distribution, fact-checking, and transaction optimization.

Kaito has developed two products, one for institutions and one for individuals. Currently, Kaito's MetaSearch Institutional is available for free trial, and the personal version has been released to 35,000 users since June 20, and users can register through their website to join the waiting list.

2. Ora.ai CryptoAiden

CryptoAiden is an AI chatbot that, like any ChatGPT bot, aims to provide users with rich information about cryptocurrencies. The bot provides simple explanations in easy-to-understand terms, making it a practical tool for both beginners and experienced cryptocurrency investors. Users can access the bot through the Ora.ai platform.

Ora.ai also offers various customized chatbots, creating chatbots for different scenarios based on user-specified prompts. Users can also create a chatbot, and currently, there are over 350,000 chatbots created by Ora users. For example, when I search for "cryptocurrency" in Chinese, many Chinese chatbots will guide my cryptocurrency investment. However, some advanced services of Ora.ai currently require payment, and different paid packages will provide corresponding credits, which will be deducted based on the pricing of the type of chatbot used by the user. In addition, paid services also include the ability to embed chatbots into your website. Ora.ai will also launch a feature for generating high-definition AI images and data files in the future.

3. Web3 Summary

Web3 Summary is a Chrome extension supported by ChatGPT and AI, which breaks down complex concepts such as NFTs, DeFi, and Swaps into simple terms. Web3 Summary aims to be a top text summarization tool to simplify reading and improve user efficiency by summarizing articles, reports, and other content into concise points for quick and easy understanding.

Web3 Summary primarily assists users in understanding Web3 through three main paths:

Simplifying any Web3 project or research using keywords. Web3 Summary greatly simplifies on-chain research across multiple chains and protocols using artificial intelligence, and can help users find trading alpha on more than 10 chains using key takeaways.
Consulting with AI chatbots about contract-related issues. AI chatbots provide daily updated content to answer users' questions and introduce and analyze smart contracts, allowing users to fully understand before making investment decisions.
Social support on Twitter. When users encounter social response challenges on Twitter, such as content being too professional to interpret or overthinking for convincing replies, Web3 Summary can analyze and provide effective expressions of users' views and persuasive response scripts.

Web3 Summary provides permanent free services supporting GPT3. More advanced PRO and TEAM services can support free switching between GPT3 and GPT4, with the higher-level services supporting a corresponding increase in the number of Web3 sessions and providing more detailed content, as well as 100 clear prompt characters to summarize key points for quick reading and understanding. It is worth noting that the TEAM service will introduce team services that support users' asset investments from four dimensions: asset researchers, quantitative data analysts, derivatives and asset traders, and risk control compliance. Although PRO and TEAM services require payment, both offer a 3-day free trial and can be canceled at any time.

4. veDAO Decentralized Investment and Financing Platform

As a DAO-led decentralized investment and financing platform, veDAO is committed to helping investors accurately capture alpha and achieve hundredfold returns. It has a massive database covering nearly 70 mainnet ecosystems and 40 Web3 tracks, including 22,000+ Twitter KOLs, 3,700+ investment institutions, 20,000+ whale addresses, and 6,000+ related information. veDAO not only provides investment information from an objective perspective through massive data but also has a professional module for expert reviews, with a total of 128 experts currently providing comprehensive evaluations of projects from multiple dimensions, combining their own domain experience and professional knowledge to provide valuable reference opinions for project parties and market participants.

veDAO has adopted more intelligent interaction methods, combined with LLM models, to intelligently analyze expert reviews, opinions from influencers, token market trends, media information, community evaluations, and on-chain signals through AI, and provide investment decisions. It has currently launched the ChatGPT automatic summary function for expert reviews, which can quickly and automatically summarize multidimensional reference opinions from media institutions, investment institutions, incubation DAOs, security audits, KOLs, exchanges, analysts, and research institutions. This function can assist users in quickly understanding the expert team's evaluation of the project, greatly improving the efficiency of users in obtaining key information.

Related URL:

http://www.vedao.com/

5. Assisterr

Assisterr is a natural language-driven Web3 analysis tool designed to provide individuals with the knowledge needed to achieve financial freedom.

The Assisterr team found through extensive data research and analysis that 73% to 81% of retail investors fail in cryptocurrency investments due to a lack of information, data, and professional knowledge. Conversely, artificial intelligence (AI) has completely changed the Wall Street stock market, with algorithmic trading accounts accounting for 60% to 73% of the U.S. market. AI tools provide many benefits to hedge funds, investment companies, and stock investors, including reducing research time, increasing accuracy, predicting patterns, and reducing management fees. Professional traders use these tools to gather intelligence and consult clients or make investments on their behalf.

The Assisterr team saw an opportunity for ChatGPT in Web3, combining fine-tuned ChatGPT and dynamic dashboards with the latest on-chain and off-chain data to become a web3 data warehouse.

Assisterr provides several benefits in Web3 investment analysis:

Personalized recommendations: ChatGPT maintains context and can provide personalized recommendations based on the investor's level, risk tolerance, and interests.
Virtual assistance: ChatGPT can act as a virtual assistant and explain unknown indicators, correlations, and anomalies.
Insight tracking: ChatGPT can alert users to risks and opportunities it believes are related to the user's investment portfolio and interests.
Social elements: Community members can share their tips and receive rewards from other community members.

Assisterr's Web3 analysis tool is currently in beta testing and development, and its core founder, Nick Havryliak, frequently updates the project's development and testing results on Twitter. It is worth noting that Assisterr caused quite a stir at the Web3 Investor Day in Chicago on July 20, and we look forward to the official launch of this AI analysis tool.

Conclusion

AI is changing human productivity, and with the emergence and popularity of ChatGPT, the Web3 world is beginning to spark with AI and LLM. Models like ChatGPT can process large amounts of data in real-time, analyze news, social media sentiment, and market patterns to generate accurate predictions and trading signals. They can also use machine learning to discover patterns and correlations that human analysts would overlook, providing traders with a significant competitive advantage. It is expected that the future market demand for AI models like ChatGPT combined with cryptocurrency will continue to increase, and the development prospects of AI technology combined with cryptocurrencies are worth looking forward to.

veDAO is a DAO-led decentralized investment and financing platform dedicated to discovering the most valuable information in the industry, keen on exploring the underlying logic and cutting-edge tracks of the digital encryption field, and ensuring that every role within the organization fulfills its responsibilities and receives rewards.

Website: http://www.vedao.com/

Twitter: https://twitter.com/vedao_official

Facebook: bit.ly/3jmSJwN

Telegram: t.me/veDAO_zh

Discord: https://discord.gg/NEmEyrWfjV

🔴Investment carries risks, and the project is for reference only. Please bear the risks on your own🔴