A man-made intelligence-focused crypto undertaking is exploding amid an industry-wide growth 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% enhance.
SingularityNET is a blockchain-based market for synthetic intelligence companies starting from particular person AI algorithms to standalone AI purposes.
The crew behind the undertaking says it’s working to construct an ecosystem of tasks to drive progress and token utilization in areas equivalent 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 way of 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 progress milestone on our journey towards turning into chain-agnostic, with +200m transacted tokens on the #SingularityNET ERC-20 bridge.?
Thanks as ever to the wonderful #CardanoCommunity for the continuing assist!
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% enhance.
Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox
Examine Worth Motion
Comply with us on Twitter, Facebook and Telegram
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate internet marketing.
Featured Picture: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia