The developers behind SingularityNET ($AGIX) have recently announced that the project’s Cardano staking portal is set to launch a beta testing version next month, as the team moves on with its plan to launch the staking portal on mainnet in the first quarter of the year.
According to a tweet SingularityNet’s team shared with their over 100.000 followers on the microblogging platform Twitter. The portal will go live “early next month” in a beta testing phase, with a successful test meaning it will be released in the first quarter on mainnet.
The staking portal will allow AGIX token holders to stake their tokens on the Cardano network, instead of just on the Ethereum network. As CryptoGlobe reported, the project launched an ERC-20 token converter last year. Allowing users to move their AGIX from Ethereum to Cardano.
The cryptocurrency saw its price explode earlier this month. At a time in which tech giants have been pouring funds into artificial general intelligence (AGI) projects, with Microsoft investing as much as $10 billion on ChatGPT-maker OpenAI and reportedly preparing to integrate it into its search engine Bing, and Google announcing the launch of a ChatGPT competitor called Bard.
The cryptocurrency’s market capitalization now stands at $680 million. SingularityNET, according to Coinbase, is a blockchain-powered platform that allows anyone to “built, share, and monetize” AI services through its marketplaces, which lets users browse and buy these services using its native AGIX token.
The SingularityNET team is a pioneer in the field of Artificial Intelligence and is responsible for creating Sophia, which is recognized as the world’s most expensive robot. Their goal is to enable Sophia to understand human language and fully develop OpenCog, a diverse framework of AI algorithms representing their innovation. SingularityNET provides businesses with a streamlined process to integrate AI tools and customize solutions to meet their specific needs while ensuring accessibility.
SingularityNET’s whitepaper was first released back in February 2019, while the platform was first announced in 2017 by Dr. Ben Goertzel, the CEO and the chief scientist of the organization.
Featured Image via Unsplash