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SingularityNET (AGIX) up 31% After Announcing Partnership With Cardano: Details

Tue, 02/07/2023 - 13:38
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Godfrey Benjamin
SingularityNET is trailing AI buzz to print 31% upshoot
SingularityNET (AGIX) up 31% After Announcing Partnership With Cardano: Details
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SingularityNET (AGIX) is currently riding the hype surrounding Artificial Intelligence (AI) based tokens, as showcased by its current 31.85% growth. Trading at a price of $0.5719, AGIX token is arguably among the best-performing altcoins today, a tag that is co-shared by other AI-based digital currencies.

SingularityNET is a blockchain-powered platform that allows anybody to easily "create, share, and monetize" AI services, thanks to its globally-accessible AI marketplace. The platform is just building up its momentum and is now making waves with newly announced partnerships.

Today's growth momentum is notably being fueled by the newly announced push, riding on innovations pioneered by top DeFi pioneers like Cardano (ADA). According to SingularityNET, it is exploring a way to bolster a high use case for all of its developers using MeTTa, a smart contract development environment.

#SingularityNET is excited to share that the integration of MeTTa into Plutus is already under active development in the context of @Hypercycle_AI, a massively scalable, easily usable, and richly and smoothly interoperable sidechain.

Cardano: New Innovation That Might Help Boost Cross-App Compatibility Launches

SingularityNET in age of AI

The rise in the clamor for Artificial Intelligence is growing, a trend that has been further highlighted with the emergence of ChatGPT, a used content creation tool.

The majority of blockchain-based protocols are now exploring avenues to ride the AI wave with many creating a number of unique solutions that can be harnessed by almost anyone. SingularityNET is leading this charge as it is developing its protocol to permit AI developers to publish and sell their AI tools and easily track their performance.

Other more established protocols like Cardano are also pushing forth new protocol functionality that can permit the growth of these new real-world AI-based use cases. One of these functionalities is its Sidechain Toolkit, whose proof-of-concept (PoC) public testnet has just been launched.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.