AI Crypto Project Built on Ethereum Surges 175% in Seven Days As Artificial Intelligence Hype Intensifies
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% enhance.
SingularityNET is a blockchain-based market for synthetic intelligence companies starting from particular person AI algorithms to standalone AI functions.
The crew behind the undertaking says it’s working to construct an ecosystem of initiatives to drive development 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 means 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 vital development milestone on our journey towards changing into chain-agnostic, with +200m transacted tokens on the #SingularityNET ERC-20 bridge.?
Thanks as ever to the wonderful #CardanoCommunity for the continued 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 deliver collectively synthetic intelligence and blockchain expertise – has moved from $0.26 to a excessive of $0.47. That’s a whopping 80% enhance.
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Featured Picture: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
