A synthetic intelligence-focused crypto undertaking is exploding amid an industry-wide increase in curiosity and adoption of AI expertise.
The Ethereum-based undertaking SingularityNET (AGIX) has jumped from a low of $0.16 to a excessive of $0.44 in only one week – a 175% improve.
SingularityNET is a blockchain-based market for synthetic intelligence companies starting from particular person AI algorithms to standalone AI purposes.
The workforce behind the undertaking says it’s working to construct an ecosystem of tasks to drive development and token utilization in areas similar to decentralized finance (DeFi), robotics, biotech, gaming, media and enterprise-level AI.
The undertaking has additionally announced a transaction milestone, with greater than 200 million tokens despatched by its SingularityNET blockchain bridge.
The bridge is designed to provide crypto holders the flexibility to switch tokens to and from the Ethereum (ETH) and Cardano (ADA) networks.
Final month, we handed an essential development milestone on our journey towards turning into chain-agnostic, with +200m transacted tokens on the #SingularityNET ERC-20 bridge.?
Thanks as ever to the superb #CardanoCommunity for the continued help!
Right here’s to the primary billion! ? pic.twitter.com/rAPjzEPFc1
— SingularityNET (@SingularityNET) February 3, 2023
SingularityNET isn’t the one AI-focused crypto asset that has exploded within the final week.
Fetch.ai (FET) – one other platform that goals to carry collectively synthetic intelligence and blockchain expertise – has moved from $0.26 to a excessive of $0.47. That’s a whopping 80% improve.
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