SingularityNET (AGIX) is a pioneering blockchain platform that empowers users to generate, distribute, and profit from Artificial Intelligence (AI) services. The platform has announced that it will be launching a beta version of its Cardano staking portal in March 2023.
With the AI services industry in a frenzy, there is an increasing trend of cryptocurrency platforms embracing AI-based blockchains. SingularityNET operates on the Cardano (ADA) network and is a groundbreaking AI project that seeks to develop a decentralized, open-source Artificial General Intelligence (AGI). Recently, its native cryptocurrency, AGIX, has experienced a meteoric rise, soaring an astonishing 800% since the beginning of 2023.
We are delighted to announce that our #Cardano staking portal will go LIVE for beta testing early next month.
— SingularityNET (@SingularityNET) February 23, 2023
SingularityNET developers have made a significant announcement on Twitter regarding a brand new initiative following the recent surge in AI technologies.
The initiative involves launching a staking portal that will enable AGIX token holders to stake their tokens on the Cardano network, not just on the Ethereum (ETH) network. A successful test of the staking platform is expected to lead to a mainnet release in the first quarter.
At the time of writing, SingularityNET (AGIX) has witnessed an increase of over 5% in the last 24 hours, currently hovering around $0.41, as per CoinMarketCap. The token’s partnerships with Cardano and exploration of ways to support its developers using MeTTa, a smart contract development environment, are contributing to its popularity. Additionally, on February 8, Whalestat reported that AGIX was among the top 10 purchased tokens by the 100 biggest ETH whales in just over 24 hours, further cementing its appeal.
Enabling real-world use cases at scale on the #SingularityNET platform via creating a MeTTa-based DSLs focused on smart contract programming in specific industry verticals.#BuildingOnSNET #AI #Cardano pic.twitter.com/SoB7V8SAw4
— SingularityNET (@SingularityNET) February 7, 2023