Dogecoin Redux: We Now Have the GROK Token to Money In on the Rising Reputation of xAI’s Grok LLM

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Aside from having a status for possessing Midas’ legendary contact of gold for having reworked nearly all of his earlier initiatives into profit-making enterprises, Elon Musk additionally excels in offering inspiration for a bunch of meme cash, most of which dissipate inside just a few weeks after capitalizing on the preliminary frenzy. Dogecoin (DOGE) and STOPELON tokens function an apt emblem of this phenomenon. Now, only a few days after the launch of xAI’s Grok LLM, we have now one other meme token, fairly imaginatively (sarc) named the GROK coin.

Ethereum permits just about everybody to situation an ERC-20 token that takes benefit of the blockchain’s capacity to learn and implement sensible contracts. Whereas this characteristic has performed an essential function in popularizing Decentralized Finance (DeFi), it has additionally enabled a plethora of rug pulls the place new tokens are launched to capitalize on an rising theme solely to see the founders withdraw the underlying pool of capital, leaving bagholders with nugatory cash.

Do word that xAI and Elon Musk don’t have any reference to the lately launched GROK token. Though Musk did bestow a sheen of legitimacy on Dogecoin after repeatedly endorsing it, going as far as to permit merchandise buy on Tesla’s official retailer by way of the meme coin, the GROK token enjoys no comforts.

On the time of writing, the GROK token is up a whopping 22,000 % since inception, although significantly weaker from its all-time highs. However with a tiny market cap of simply $131 million and round 11,000 holders, we’re speaking about cents on the proverbial playing desk proper now.

Final week, Elon Musk’s xAI launched its first Massive Language Mannequin (LLM) known as Grok to tackle the may of OpenAI’s ChatGPT. Throughout its present teething section, Grok can interpret a immediate of round 25,000 characters in a single go. For comparability, the GPT-4 Turbo can bear in mind and course of round 96,000 phrases earlier than giving a solution. As its star attraction, nonetheless, Grok retains entry to real-time info by way of the X social media platform.

INSIGHT: Grok is ready to summarize information tendencies on X! https://t.co/igdGVR1hf6 pic.twitter.com/RUICJ29sqc

— X Information Every day (@xDaily) November 8, 2023

The brand new LLM can precisely summarize information tendencies on X, which is a big plus level for these annoyed by OpenAI’s tiered web entry for its GPTs.

Jokes apart, here is an instance of an precise distinction between ChatGPT and Grok. I believe there’s room for an LLM that does not deal with customers like kids.

Do not get me mistaken. ChatGPT is a good software and I take advantage of it lots, however – by design – it does have its limitations. https://t.co/l1Y0MunI9e pic.twitter.com/IZAg7kPTTQ

— Eric Farraro (@EFarraro) November 10, 2023

Some folks additionally discover Grok’s unfiltered responses and a definite lack of “woke” bias a plus level.

Elon Musk relished his capacity to maneuver Dogecoin’s value with a single tweet/publish. Do you assume an analogous dispensation for the GROK token may ever materialize? Tell us your ideas within the feedback part beneath.