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ChatGPT is an AI-powered chatbot developed by OpenAI, based on the GPT-3.5 architecture. It can understand and respond to natural language, making it an excellent tool for communication and automation. The impact of ChatGPT on the blockchain and Web3 industry is significant, as it can simplify the process of understanding and engaging with these platforms. It can also be integrated into these platforms to provide a seamless and user-friendly experience.