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Amid US banking crisis, GPT and NVIR top MEXC search results

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The world of blockchain and cryptocurrency is constantly evolving. As a rapidly changing market, investors should keep up with the latest trends.

Recently, interest in alternative investments triggered by the global banking crisis, such as Silvergate and Silicon Valley Bank (SVB), has been focused on the cryptocurrency market. Interestingly, according to Google Trends, which accounts for more than 90% of search engines worldwide, attention focused mostly on bitcoin (BTC). Meanwhile, YouTube searches show that as of July 2021, more people were organically searching for “crypto” over “bitcoin.”

In the past, people who only searched for bitcoin began to search for “bitcoin” and “crypto” with similar frequency. Their understanding of the cryptocurrency market itself has increased.

Besides this, what other cryptocurrencies have people been searching with much interest other than “bitcoin”?

To analyze global search volume for cryptocurrencies, popular exchange MEXC announced its latest ranking. MEXC is a cryptocurrency exchange that provides services, offering 1,525 coins for trading in more than 200 countries and to over 6 million users. CoinMarketCap (CMC) ranks the exchange at 10th out of 239.

According to the latest rankings released by MEXC, GPT ranked first in the spot search volume rankings, and NVIR by NvirWorld was second. These results indicate that GPT and NVIR are gaining traction and influence in the blockchain and cryptocurrency markets. GPT is receiving attention in artificial intelligence (AI) technology. Meanwhile, NVIR is emerging in DeFi and DEX via its hybrid, decentralized exchange “INNODEX.”

GPT: AI coin gets more attention in crypto

Crypto GPT is a cryptocurrency project inspired by OpenAI’s powerful language model. As the name suggests, it uses the model of Chat GPT developed by OpenAI as it is. GPT showed how great the global interest in generative AI is.

Based on the U.S. standards issued at 11 p.m. on Mar. 10, it was quickly listed on seven exchanges, including Bitfinex, Bybit, and Bitget. It went viral because it was an AI coin. GPT is currently trading on 25 exchanges, per CoinMarketCap data. 

Currently, GPT is used to build a decentralized ecosystem that utilizes AI technology in various applications such as language processing, content generation, and intelligent virtual assistant. Staking self-issued coins, GPT will receive NFTs and capsules containing user data obtained through dapps such as games, dates, and exercise. Crypto GPT has an AI-to-2 earn structure that sells the information gathered to AI companies and distributes profits as rewards to users.

“The project will allow users to make money by monetizing their data across fitness, dating, games, and education,” Crypto GPT said, adding, “In the future, not only AI companies but also academics, governments, or individuals will be able to build AI models based on data collected from Crypto GPT.”

NVIR: NvirWorld is rising in stature

NvirWorld is a blockchain company that aims to popularize blockchain technology and is building a user-friendly ecosystem where users can experience and interact with various blockchain-based services.

It operates non-fungible token (NFT) marketplaces, play-to-earn (P2E) financial platforms, virtual space galleries, and offline galleries linked to NFTs. It is set to expand its ecosystem once new platform services such as INNODEX; P2E games “Sugar Flavor,”; and social casino “Online Weiser Game” launches in Q1 and Q2 2023.

INNODEX stores and trades assets with each individual’s wallet without complex self-certification like a decentralized exchange. It transparently checks personal asset details on the blockchain and removes gas costs for each transaction.

In particular, when the importance of the decentralized system was emphasized due to the FTX crisis and other global centralized financial crises, the 4th CBT of INNODEX, held for users worldwide, drew interest.

NvirWorld, which is building a DEX and attracting attention as articles have been circulating on Binance Feed and Upbit exchanges and crypto media, is accelerating the development of mainnet. Their solution introduces patent technology that enables payment and transaction using cryptocurrency even when the network is offline.

NVIR is a deflationary cryptocurrency issued by NvirWorld. It employs a similar burning mechanism as in Ethereum. NvirWorld’s ecosystem is set to expand, starting with INNODEX

Prospects for GPT and NvirWorld

Considering recent achievements and continued development, GPT and NVIR may continue growing. It is especially considering that Wall Street investment bank Bernstein predicted the cryptocurrency market would reach $400 billion in 10 years.

As GPT coins develop and expand their applications, they could become a vital tool in various industries, pioneering ways to utilize AI technology in a decentralized ecosystem.

The mainnet, based on NvirWorld’s blockchain ecosystem and solid technology, provides growth potential as technological development becomes more common. In addition, with an expanding user base, NvirWorld could promote blockchain adoption, transforming entertainment and social interaction.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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