Crypto Wallet Introduces Pay-Per-Use Access to Premium Subscription Artificial Intelligences
Cake Wallet, a well-known cryptocurrency wallet, has integrated a new feature enabling access to premium artificial intelligence (AI) platforms through a pay-per-use model. Among the supported APIs are ChatGPT-4, Dall-E 3, Claude 3 Opus, and more. Finbold had an exclusive discussion with the founders of these companies regarding the utilization of cryptocurrencies for service payments.
Vik Sharma, the founder of Cake Wallet, revealed the incorporation of NanoGPT in a recent post on X on May 12. This AI application is now accessible through Cake’s Marketplace, complementing the existing Cake Pay service for prepaid gift cards.
Users of Cake Wallet can now utilize premium AI chatbots on a pay-per-use basis directly from their cryptocurrency self-custody address with Nano (XNO). Additionally, they have the convenience of swapping other supported cryptocurrencies in-app, including Bitcoin (BTC), Monero (XMR), Litecoin (LTC), Bitcoin Cash (BCH), as well as Polygon-based USDT, USDC, and others.
According to Vik Sharma, “AI chatbots have gained immense popularity, and in Cake Wallet, we believe that cryptocurrencies supported by the app can efficiently and privately facilitate access to them. Nano proves ideal for micropayments due to its zero fees.”
NanoGPT functions as a cryptocurrency service linked to various AI APIs, facilitating crypto payments within a pay-per-use framework. This setup eliminates the need for multiple premium subscriptions, offering users access to different AIs tailored to their requirements.
Initially launched as a basic Telegram bot supporting only ChatGPT-4, NanoGPT has evolved significantly. Mira Hurley, the founder, highlighted the progress made, including the expansion to multiple text and image models, seamless continuation of conversations, usage tracking, and support via Discord, email, and Twitter.
As an incentive, Hurley is offering small amounts of XNO to new Cake Wallet users to experience the tool firsthand.
The shift towards pay-per-use services using crypto wallets presents an intriguing alternative to traditional subscription models. Feeless and instantaneous crypto payments are seen as a natural fit for this model’s viability.
Access to premium AIs like ChatGPT-4, Dall-E 3, Claude 3 Opus, and others has attracted the interest of developers and companies like Cake Wallet, NanoGPT, and PayPerQ. The latter offers a similar pay-per-use service, accepting Bitcoin payments via the Lightning Network.
As user preferences potentially shift towards this new model, companies may need to adjust their offerings and payment mechanisms accordingly. However, the long-term impact of the pay-per-use concept on the AI industry, and the role of crypto payments within it, remains uncertain.
