SingularityNET Launches Staking for AGIX Tokens on the Cardano Blockchain

Leading AI company SingularityNET has announced the implementation of staking for its native token AGIX on the Cardano blockchain platform. Staking, the process which allows holders to generate rewards on their holdings, will launch later this month. Staking will allow users to contribute to the growth and adoption of major blockchain platform Cardano.

The addition of staking for AGIX on Cardano marks the second major platform where it is available to AGIX holders, with the service already available on Ethereum. On the SingularityNET platform, staking is used to provide liquidity for other users to pay for AI services with fiat rather than cryptocurrency.

SingularityNET is a pioneering AI organization, led by renowned AI scientist Dr Ben Goertzel. Its AI is used across a number of different industries and products, including longevity research, music and helping power Sophia the Robot's brain. Its utility token, AGIX, is one of the longest standing and most popular AI cryptocurrencies in the blockchain space.

The launch was announced today, during the Cardano Summit 2023. Janet Adams, Chief Operating Officer, alongside other SingularityNET executives are presenting at the summit on the intersection of AI and blockchain, as well as Cardano’s sustainability and impact.

Dr. Ben Goertzel, CEO of SingularityNET, said: ”This is a significant milestone in our migration of SingularityNET to the Cardano blockchain platform. If blockchain is going to truly decentralize and democratize the world economy, as it has aspired to since the start, it needs to integrate AI in a scalable way and at the deepest levels. The collaboration between SingularityNET and Cardano has a major role to play in the broader integration of blockchain and AI, and the launch of AGIX staking on Cardano is one valuable step along this path.”