CoinMarketCap Introduces Plugin for AI Chatbot ChatGPT
Crypto data aggregator CoinMarketCap, which is owned by Binance, has developed a unique plugin for its AI chatbot called ChatGPT. This plugin is based on a large-language model (LLM) and allows users to ask the chatbot various questions related to cryptocurrency.
To access this feature, you need to sign in to your ChatGPT Plus account and enable the plugin. There is no additional cost for using the plugin, apart from the $20-per-month subscription fee for ChatGPT Plus. The developers explained that while the base version of ChatGPT has limited use for crypto enthusiasts as it only provides data up to September 2021, the newly-expanded web browsing capabilities also have limitations in terms of real-time crypto data.
Enhanced Capabilities of the LLM-based Chatbot
The LLM used in ChatGPT can generate answers to a wide range of crypto-related questions. From simple queries like the correlation between Bitcoin and Ethereum in 2023 to more complex ones about how variations in token distribution models relate to price volatility, the chatbot can provide insightful responses.
With the integration of CoinMarketCap’s data, prompts generated by ChatGPT are sourced directly from the platform. This means users can get real-time information such as listings, gainers and losers, and the latest blockchain statistics. The plugin is compatible with both desktop and mobile devices.
Other AI Developments in the Crypto Space
In addition to CoinMarketCap’s plugin, there have been other notable advancements in AI within the crypto industry. The Nasdaq exchange recently obtained approval from the United States Securities and Exchange Commission for AI-based trade orders. Meanwhile, Binance has launched an AI-powered nonfungible token (NFT) generator for verified users.
Hot Take: CoinMarketCap Expands ChatGPT’s Functionality with New Plugin
CoinMarketCap’s introduction of a plugin for its AI chatbot ChatGPT is a significant step towards enhancing the user experience and providing real-time crypto information. By integrating with CoinMarketCap’s data, ChatGPT can now offer up-to-date insights on listings, price movements, and blockchain statistics. This plugin enables users to easily access valuable information and get their crypto-related questions answered without leaving the chat interface. With the increasing adoption of AI in the crypto space, such developments contribute to making cryptocurrency more accessible and user-friendly for both enthusiasts and casual investors.
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