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.
The SingularityNET token, AGIX, is up more than 12% in today's crypto market trading session. AGIX, which has emerged as one of the leaders in the crypto artificial intelligence sector, has grown by more than 480% since the beginning of 2023. Riding the wave of hype around AI, SingularityNET itself is also pumping demand for its native token, including through generative events on its launchpad.
Gamza KhanzadaevOne such event kicked off today when SingularityNET launched the Rejuve Utility Token (RJV), a native token of the project of the same name. Rejuve AI is a side project by SingularityNET that aims to increase the human lifespan through the collection and processing of big data using artificial intelligence tools.
To take part in the Rejuve AI token launch, those wishing to participate need to lock AGIX into staking on SingularityNET. A total of 1 billion RJVs will be distributed, of which 35.21% will be on the Cardano network and 64.79% on the Ethereum network. Such a focus on these two chains is key for SingularityNET since its native token has similar tokenomics.
It is interesting how more projects from the artificial intelligence sector are emerging on Cardano, given how much attention is now being paid to projects of this nature. Whether Cardano will become a focal point for top AI crypto projects like Solana for NFT is an open question, but steps in that direction have already been taken.
Yuri Molchan
Arman Shirinyan
Dan Burgin
Alex Dovbnya
Vladislav Sopov