CoinMarketCap Is Launching a ChatGPT Plugin. Chasing a Trend or Solving a Real Problem?

TL;DR

• The CoinMarketCap team just announced they’d be launching a ChatGPT plugin to help crypto investors gain quicker insights when researching the market.

• In combining the strengths of both AI technology and CoinMarketCap’s data, users can now tap CoinMarketCap’s wealth of real time data to get highly specific answers to niche questions, all using basic language prompts.

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AI as a crypto learning tool?

Obviously, we’re here for it!

The CoinMarketCap team just announced they’d be launching a ChatGPT plugin to help crypto investors gain quicker insights when researching the market.

For example, instead of:

1. Googling “How correlated are Bitcoin and Ethereum in 2023?”

2. Browsing the results page

3. Clicking the most relevant recommended link

4. Scrolling aimlessly through a sea of SEO optimized babble, until…

5. You find your answer.

The process will soon look like this:

1. Ask ChatGPT “How correlated are Bitcoin and Ethereum in 2023?”

2. Get the answer.

Here’s the non-obvious problem that has been solved here:

ChatGPT was trained on data from 2021, which means it has limited use in the world of crypto research – but CoinMarketCap’s whole business model is tracking real time blockchain data.

In combining the strengths of both technologies, users can now tap CoinMarketCap’s wealth of real time data to get highly specific answers to niche questions, all using basic language prompts.

Helluva concept!