Premium subscription AIs now available for pay-per-use access on crypto wallets
Cake Wallet, a popular cryptocurrency wallet, has recently integrated a pay-per-use artificial intelligence (AI) platform. This platform enables users to access premium APIs such as ChatGPT-4, Dall-E 3, Claude 3 Opus, and others.
In an exclusive interview with the founders of these companies, Finbold discussed the utilization of cryptocurrencies as a form of payment within their services.
On May 12, Vik Sharma, the creator of Cake Wallet, declared the inclusion of NanoGPT through a post on X. The AI program can now be accessed on Cake’s Marketplace, located under the Cake Pay feature for purchasing pre-paid gift cards.
The user interface, Marketplace, and NanoGPT of Cake Wallet are shown in the tweet image below.
We have @NanoGPTcom in @cakewallet now. pic.twitter.com/QfMVQoazF6
— Vik Sharɱa 🇺🇸 (@vikrantnyc) May 12, 2024
Cake Wallet users now have the opportunity to purchase advanced AI chatbots using their personal cryptocurrency address with Nano (XNO). Furthermore, the app also allows for direct exchange of other supported cryptocurrencies including Bitcoin (BTC), Monero (XMR), Litecoin (LTC), Bitcoin Cash (BCH), as well as Polygon-based USDT, USDC, and more.
AI chatbots have become very popular and, in Cake Wallet, cryptocurrencies supported by the app can offer more efficient and private access to them. We are fully committed to these attributes as a company. Additionally, nano is ideal for micropayments without fees.
Vik Sharma of Finbold
Introduction to NanoGPT
NanoGPT is a term that refers to a specific technology.
It is a digital currency platform that is linked to a range of artificial intelligence application programming interfaces (APIs). This system enables individuals to make cryptocurrency payments on a per-use basis.
By utilizing this model, users can avoid the hassle of having to obtain multiple premium subscriptions in order to utilize various AIs according to their specific needs.
At first, Finbold covered the simple Telegram bot, ChatGPT-4, which was its initial launch. Recently, we had the opportunity to speak with Mira Hurley, the founder of NanoGPT, about the collaboration with Cake Wallet.
According to Mira Hurley, Finbold, NanoGPT has undergone significant improvements since its initial launch as a simple Telegram bot.
Now, users have access to a variety of text and image models, enabling them to continue previous conversations, monitor usage cost-effectiveness in comparison to subscriptions, and receive support through platforms such as Discord, email, Twitter, and other enhancements to improve overall user experience.
Mira Hurley provided new Cake Wallet users with small quantities of XNO in order for them to try out the tool at no cost.
Hi Cake Wallet users!
To celebrate NanoGPT being added to Cake Wallet I'm sending out Nano to let you try it out.
Just post a screenshot showing your address/QR code like in the image below (open Cake Wallet, swipe left, NanoGPT, wallet). https://t.co/YiOyOgR76s pic.twitter.com/AASm7zVvvI
— Mira Hurley (@mira_hurley) May 12, 2024
Subscriptions vs. Pay-Per-Use with crypto wallets
One interesting trend in many industries is the rise of pay-per-use services as a more favored option compared to traditional subscription models. This strategy considers the use of feeless and immediate cryptocurrency payments as a logical evolution.
Developers and companies such as Cake Wallet, NanoGPT, and PayPerQ have shown interest in accessing premium AIs. One of these companies, PayPerQ, offers a similar pay-per-use model and also accepts Bitcoin payments through the Lightning Network, as reported by Finbold in the past.
With the potential shift of users towards this emerging model, it will be necessary for companies to modify their products and payment options accordingly.
However, it is still uncertain how the pay-per-use idea will impact the AI sector and if cryptocurrency payments will be a factor in this transformation.
Related: Best Crypto Wallets Compared
Conclusion
The collaboration between Cake Wallet and NanoGPT underscores the growing trend of pay-per-use services, which offer users flexibility and cost-effectiveness.
This innovative approach, facilitated by cryptocurrency payments, has the potential to reshape the AI sector and drive further adoption of digital assets as a means of transaction.
As the industry continues to evolve, it will be crucial for companies to adapt their products and payment options to meet the changing preferences of users. The integration of pay-per-use models and cryptocurrency payments represents a promising development in democratizing access to advanced technologies and driving innovation in the digital economy.
Read More: Vodafone’s PairPoint aims to transform sim cards into crypto wallet
Joshua Downes
Joshua Downes is an experienced journalist and editor specialising in finance, trading, cryptocurrency and online betting. Over the last eight years, he has written for numerous publications and media outlets, both print and online. These include Trading-Education, Wetten, GamblingGuy, BitReviews, Industry Slice, and Gulf Business. With a BA in journalism and an MA in English, Joshua aims to provide informative and highly readable articles, making even the most complex of financial concepts easily understandable for the average reader. Joshua is currently pursuing professional qualifications in finance and also has extensive knowledge of the gambling industry, having spent four years working in operations for Gala Coral.
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