**Cardano Summit 2023: SingularityNET Launches Staking for AGIX Tokens**
The Cardano Summit 2023, taking place in Dubai, is set to bring together influential projects in the crypto industry. SingularityNET, a pioneer in integrating blockchain, machine learning, and Artificial Intelligence (AI) products, announced the launch of staking capabilities for its native token, AGIX, during the event. This allows users to earn rewards for holding AGIX and contribute to the adoption of Cardano and SingularityNET.
The staking feature will be available to all users later this month. SingularityNET has been at the forefront of AI and blockchain integration for a long time, making them an ideal partner for Cardano. The partnership between SingularityNET, IOG, and Cardano positions them to benefit from the growing adoption of AI and blockchain technologies.
During an interview with Janet Adams, COO of SingularityNET, and Mihaela Ulieru, they discussed the significance of the Cardano Summit for SingularityNET and their strong ties with Cardano. Adams emphasized that the AGIX ADA staking solution on Cardano is ready to launch soon, fulfilling a request from the Cardano community. She also mentioned plans to bring the full SingularityNET marketplace onto Cardano as their next major step.
Ulieru highlighted some of SingularityNET’s latest projects that combine AI and blockchain technology. These include Zarqa, a language model that outperforms ChatGPT; Cogito Protocol, which incentivizes actions for sustainability; Rejuve, a health impact project; and Sophiaverse, an AI training game in the metaverse. All these projects are built on Cardano due to its robust technological stack.
Looking ahead, Ulieru envisions AI running on the blockchain as a way to process large amounts of data while preserving privacy rights. She mentioned Cardano’s Midnight blockchain and the Hypercycle implementation for encrypted data processing. SingularityNET has chosen Cardano as their preferred blockchain for its innovative solutions.
In conclusion, SingularityNET’s participation in the Cardano Summit 2023 and the launch of staking capabilities for AGIX tokens demonstrate their commitment to advancing AI and blockchain technology. Their partnership with Cardano is growing stronger, fueled by a shared vision for positive impact and a robust technological foundation. The future holds promising advancements in AI on the blockchain, and Cardano and SingularityNET are well-positioned to achieve them.
**Hot Take: SingularityNET Pioneers Staking on Cardano at Cardano Summit 2023**
SingularityNET’s announcement of staking capabilities for AGIX tokens during the Cardano Summit 2023 is a significant development that showcases their dedication to innovation in the crypto industry. By allowing users to earn rewards while contributing to the adoption of Cardano and SingularityNET, they are empowering the community and driving the growth of both projects.
The partnership between SingularityNET and Cardano is built on shared values of positive impact and reducing inequalities. With SingularityNET’s projects leveraging AI and blockchain technology on Cardano’s robust infrastructure, they are at the forefront of groundbreaking advancements in these fields.
Looking ahead, the future of AI running on the blockchain holds great potential, particularly in terms of processing large amounts of data while protecting privacy rights. With Cardano’s innovative solutions like the Midnight blockchain and SingularityNET’s Hypercycle implementation, this vision is becoming a reality.
As SingularityNET continues to expand its presence on Cardano, we can expect further collaborations and advancements that will shape the future of AI and blockchain technology. The Cardano Summit 2023 serves as a platform for these discussions and highlights the strength of the partnership between SingularityNET and Cardano.
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