Bitcoin News

A Chat With SingulariyNET, Staking Announcement

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In the financial center of Dubai, the Cardano Summit 2023 will gather some of the most prominent projects in the crypto space. During the three-day event, speakers, founders, and the community will voice views on the growing sector and the future of the network and blockchain technology as Cardano enters a critical stage in its development.

Our team had the opportunity to speak with the team behind SingularityNET, one of the first projects that has worked on integrating blockchain, machine learning, and Artificial Intelligence (AI) products. The community has been asking for staking features and finally got a response.

ADA’s price trends to the upside on the daily chart. Source: ADAUSDT on Tradingview

SingularityNET Launches Staking For AGIX Tokens During Cardano Summit 2023

During the event, SingularityNET revealed the implementation of staking capabilities for users holding their native token, AGIX. In this way, users can generate a yield from holding the token and contribute to the adoption of Cardano and SingularityNET.

The staking capabilities will roll out for everyone later this month. As mentioned, SingularityNET has been working on the intersection between the nascent industry and AI long before these technologies became a global trend. Now, their partnership with IOG and Cardano makes them a perfect candidate to benefit from the adoption of both as major companies pour capital and effort into integrating with AI and blockchain-based projects.

Our team sat down with Janet Adams, COO of SingularityNET, and Mihaela Ulieru on the future of blockchain and AI, the role of the community, and their partnership with Cardano. This is what they told us.

Q: Could you tell us about your experience during the Cardano Summit 2023? What does it mean for the SingularityNET ecosystem and its partnership with Cardano?

Adams: Feel like Home. When I come to a Cardano Summit, our partnership with Carano is very deep. It’s very strong. I have so many friends here today wandering around all of the different booths, meeting all the different thriving businesses, that are building on Cardano meeting so…

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