Take ADVANTAGE Of ChatGPT Popularity, Frauds Make Scam Tokens

Token scams have sprung up by taking advantage of the popularity of AI. (Photo; Doc. TechStory)

JAKARTA The increasing popularity of ChatGPT has been exploited by black market players who have issued fake tokens on several blockchains. According to reports, irresponsible individuals have taken advantage of the ongoing popularity of ChatGPT by issuing fake tokens or scams.

These badmen have issued fake tokens branded ChatGPT in recent weeks. A total of 132 fake tokens were issued on the BNB Chain, the most in a blockchain. Ethereum (ETH) looks at the distribution of 25 fake tokens, while Solana, Arbitrum, OKChain, and Cronos handle the issuance of smaller tokens.

Although none of these ChatGPT tokens have connections to AI chatbot tools, they have managed to attract crypto players. The issuance of these fake tokens came after Microsoft took steps to integrate the plagiarized ChatGPT functionality.

The computer software giant recently integrated OpenAI-backed search-oriented chatbots into its own internet browser - including Bing. At the time, Yusuf Mehdi, Vice President of Korporat and Chief Marketing Officer, commented on Microsoft's new search engine backed by AI, saying:

"We sincerely consider it a next generation of search and exploration, coupled to AI and assembled as an integrated experience; we will reorganize search engines, web browsers, and a new chat experience into something we consider your co-pilot for the web., "quoted from CryptoPotato.

Although OpenAI is the creator behind ChatGPT, Microsoft chatbot is reportedly the development of the OpenAI initiative. The con artists hoping to earn money from hype around BingChatGPT have made a lot of money in trading volume from users. In addition, some doubtful tokens, which are said to be due to their liquidity, continue to enjoy popularity despite striking caution.

At the time of writing, there were more than 170 ChatGPT-branded tokens published on decentralized exchanges, including Uniswap and PancakeSwap. The most popular branded tokens have a market capitalization of more than US$250 million, with a liquidity of 600,000 US dollars.

In addition, tokens issued by Ethereum also have more than 300 unique holders. Meanwhile, the separate BNB Chain variant has a market capitalization of US$24 million and liquidity of US$246,000.