On the marketplace for non-fungible tokens known as OpenSea, a ChatGPT Ethereum Name Service (ENS) recently fetched a record price of close to $10,000 after being purchased.
According to the most recent statement (1) made public by the ENS Sales Bot, the ChatGPT.eth domain name was acquired for the price of 6 WETH, which is equivalent to about $9,981.84 at the current exchange rate.
Because it stands for yet another way in which the digital currency ecosystem is benefiting from the AI tool's development, the ChatGPT ENS domain name transactions are creating a buzz on crypto Twitter.
OpenAI's ChatGPT service has been an overnight phenomenon among freelancers, including editors and content creators, ever since it was shown to the public for the first time.
The excitement around artificial intelligence has made its way down to the crypto and domain name services, where it has stimulated the effective ownership transition of the ChatGPT.eth domain.
"ishmilly," a not very well-known NFT curator, has been recognized as the new owner of the domain name. "ishmilly" is also the proprietor of multiple Bored Ape Yacht Club (BAYC) NFTs and ENS Domain Names.
Currently there is no practical use for the ChatGPT.eth domain name other than the bragging rights that come with it, just like there is for any other form of digital collectible or NFT.
The use cases for ishmilly are often rather restricted, even though the domain name will make it easier for the company to carry out certain on-chain activities.
As a direct result of the pessimistic forecast for Web 3.0, the excitement around domain names in the crypto currency ecosystem has plummeted over the past several months.
Several other advertisements display one-of-a-kind iterations of the ChatGPT.eth domain has been distributed in response to the recent surge in sales.
The Co-habitation of AI and Blockchain
An enormous paradigm shift in the AI revolution intended to be fueled by blockchain innovation was brought to light by the introduction of the ChatGPT domain name and the successful completion of its sale on OpenSea.
The unusual cohabitation of blockchain and AI developments is something that many experts have previously predicted, so we may start to see similar practices grow in the future.
Mainstream IT behemoths have been making efforts to include OpenAI's ChatGPT service in recent months due to the traction and funding the company has garnered since the debut of the service.
To obtain access to the functionalities of ChatGPT, Microsoft Corporation has revealed its intentions to invest billions of dollars into OpenAI.
To further develop its search offering, the multinational technology corporation intends to incorporate the AI assistant into its Bing and Edge browsers.
To maintain a competitive advantage and ride the wave of popularity, Alphabet Inc. has announced its intention to build a Bard product that would compete with ChatGPT.
While the specifics of Barb will be disclosed in the not-too-distant future, developers working in the crypto currency ecosystem are getting ready to register domain names that are a perfect match for the AI conversation tool that has yet to be disclosed.