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Cardano (ADA) Interoperability Reaches Crucial Milestone: ADA/AGIX Converter Is Live

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Mon, 18/04/2022 - 16:21
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Cardano (ADA) Interoperability Reaches Crucial Milestone: ADA/AGIX Converter Is Live
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High-performance blockchain Cardano (ADA) receives decentralized two-way token bridge to its long-term partner, AI innovator SingularityNET.

Cardano (ADA) now seamlessy bridged to SingularityNET: details

According to the official statement released in SingularityNET social media channels, its core native token AGIX is now seamlessly interoperable with Cardano's first asset, ADA.

As explained by community enthusiasts, two tokens on different blockchains (Ethereum and Cardano) can interact with each other through a purpose-made bridge.

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The two teams have been collaborating since Q4, 2020; SingularityNET even considered "dumping" the largest smart contracts hosting Ethereum (ETH) as its technical basis.

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The newly launched bridge has been undergoing stress tests since December 2021; starting from today, it is available for general public usage in Ethereum and Cardano mainnets.

Bringing blockchain and AI closer: What is SingularityNET?

SingularityNET is known as the first-ever decentralized blockchain-based marketplace focused on experiments with artificial intelligence.

The platform stays behind the development and maintenance of Sophia The Robot, the most ambitious humanoid product so far.

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Together with Cardano (ADA), it also develops and promotes robotic nurse Grace, who speaks English and Korean and can be used for both general healthcare and eldercare.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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