Artificial intelligence is trending today, and with AI companies’ growth, most of you will be interested in investing in such companies. But which AI company to choose for investing money in? OpenAI is one such growing AI company. Now, you might wonder how to invest in OpenAI.
OpenAI is a non-profit firm focused on artificial intelligence (AI). However, the company has received funding from various sources, including investment firms and tech giants such as Microsoft and Amazon. Some high-profile individuals, such as Elon Musk, also back OpenAI.
To invest in OpenAI ERC, first, set up the Metamask account. Secondly, login to your Binance account, go to the Buy Crypto link, then buy ETH. Now, open the Binance wallet and transfer ETH to the Metamask wallet. Lastly, connect the Metamask account with DEX and then use ETH to buy OpenAI ERC.
OpenAI ERC is the company’s token used to power its AI platform. It is currently available for purchase on some exchanges. For more information on how to invest in OpenAI, check out our complete guide.
What Is OpenAI Stock?
OpenAI stock refers to the stock of the OpenAI company, which is a non-profit artificial intelligence (AI) research organization established in 2015 by Elon Musk and a few other collaborators. OpenAI seeks to deliberately promote and develop friendly AI in a way that benefits rather than harms humanity as a whole.
In 2018, Musk quit the business. In 2019, the non-profit parent firm, Open AI Inc., launched a for-profit business called Open AI LP (Limited Partnership). The company received the highest investment of $1 billion from Microsoft. Thus, the shareholders of Microsoft are indirectly exposed to OpenAI. Amazon Web Services also invested in the company.
OpenAI is conducting research, growing its business model, and has completed OpenAI stock IPO (initial public offering) in the stock market. Before you invest in OpenAI, you should know the OpenAI stock prices.
OpenAI Stock Price
According to Coin Market Cap, OpenAI stock price is $0.02278 as on 12th December 2022. On the 11th of December 2022, the opening and closing OpenAI stock prices were $0.03927 and $0.02333, respectively, whereas the lowest stock price was $0.01647 and the highest price was $0.5513.
Are you looking to invest in OpenAI? If yes, then go through the next section on how to invest in OpenAI. It will surely help you!
How To Invest In OpenAI?
To invest in OpenAI, the investors must buy the OpenAI stocks using a Metamask account, Binance, and ETH.
Today everyone wants to invest in the stock market. If you also want to invest, then OpenAI is the best option. To invest in OpenAI, you must buy shares of OpenAI. But, if buying the stocks you decide you don’t want your stocks, you can sell them.
Continue reading to get the complete steps guide to buying and selling OpenAI ERC using a Binance account.
How To Buy OpenAI ERC?
To buy OpenAI ERC, set up your Metamask account > Buy ETH using your Binance account > Withdraw ETH to your Metamask account > But OpenAI ERC using ETH.
The process to invest in OpenAI starts with buying OpenAI ERC, which is more complex, as you cannot directly buy OpenAI stocks. You must purchase OpenAI ERC using another cryptocurrency instead of fiat cash (such as EUR, USD, etc.). Most often, BTC, ETH, BNB, or USDT are used to purchase altcoins.
The complete steps to buy OpenAI stocks cover many stages, and these stages are:
- Setting up Metamask account
- Buy Ethereum using Binance
- Withdraw ETH to Metamask account
- Buy OpenAI ERC using ETH
We will now discuss the process for each stage so that you can easily buy OpenAI ERC.
How To Set Up Metamask Account?
To set up a Metamask account, Download Metamask wallet > Set up your Metamask account.
The first stage is to set up the Metamask account, and the steps for the same are as follows:
Step 01: Download the Metamask wallet on your device.
Note: If you are using a computer, add a Chrome extension for the wallet. For Android and iOS, download the wallet from Google Play or iOS App.
Step 02: Now, set up your Metamask account.
How To Buy Ethereum Using Binance?
To buy Ethereum using Binance, go to Binance > Login to your Binance account > ‘Buy Crypto’ link > Buy Ethereum.
The second stage is to buy ETH using your Binance account. Follow the below-given steps to do so:
Step 01: Open Binance and log in to your Binance account.
Step 02: Click on the Buy Crypto link on the menu on the top bar.
Step 03: Now, buy Ethereum as per your requirement.
How To Withdraw ETH To Metamask Account?
To withdraw ETH to your Metamask account, Open Binance wallet > Overview > Deposit > Crypto > ETH > Ethereum (ERC20) > Copy deposit address > Open Metamask wallet > Paste the copied deposit address under the withdraw address > Confirm.
After buying ETH, you need to transfer them to your Metamask account. To transfer ETH to Metamask, complete these steps:
Step 01: Open your Binance Wallet.
Step 02: Go to the Overview section and select the Deposit option.
Step 03: Select Crypto and tap on the ETH.
Step 04: Choose Ethereum (ERC20) as your deposit network.
Step 05: Copy the deposit address.
Step 06: Open Metamask wallet and paste the copied deposit address under the withdraw address.
Step 07: Now, tap on Confirm to add your cryptocurrency (in this case, ETH) to your Metamask wallet.
How To Buy OpenAI ERC Using ETH?
To buy OpenAI ERC using ETH, Choose DEX > Connect Metamask wallet with DEX > select Ethereum in the ‘Payment’ option and OpenAI ERC in the ‘Coin’ option.
Lat stage of buying OpenAI stock is to buy OpenAI ERC using ETH. Here are the steps for buying OpenAI ERC stock:
Step 01: Now choose Decentralized Exchange (DEX) supported by Metamask wallet.
Note: For the Metamask wallet, you can choose 1 inch to make the transaction.
Step 02: Connect DEX with your Metamask wallet.
Step 03: Now select Ethereum in the ‘Payment’ option and OpenAI ERC in the ‘Coin’ option to trade your ETH with OpenAI ERC.
You have now successfully bought your OpenAI stock using Metamask wallet and ETH. What if you want to sell your OpenAI ERC stock in the future? Is it possible? Let’s move to the next section to learn more about it.
How To Sell OpenAI ERC?
To sell OpenAI ERC, you can use your Metamask account and Binance to convert OpenAI ERC to your currency.
The exact method for selling OpenAI ERC has yet to be made available. Still, as you used your Metamask account, Binance, and ETH (Ethereum) to buy OpenAI ERC, you can sell your OpenAI stocks using cryptocurrency on Metamask.
That’s all you need to know before you start to invest in OpenAI stocks. You have learned the complete steps to invest in OpenAI stocks.
OpenAI is a great investment for those looking to get involved in the future of artificial intelligence. While the company is still young, it has already made significant strides in the development of AI technologies.
We hope this guide on how to invest in OpenAI has helped you. However, the most important thing is to research the company thoroughly before making any decisions. Thanks for reading!
Frequently Asked Questions
Q. Does Elon Musk Still Own OpenAI?
Elon Musk left OpenAI in 2018, but he is still an investor in the company.
Q. How Much Money Has OpenAI Raised?
As announced on May 26, 2021, OpenAI has raised $100 million.
Q. How Much Did Microsoft Invest In OpenAI?
Microsoft is the biggest investor in OpenAI, with an investment of $1 billion in 2019.