Decentralized AI platform SingularityNET has introduced FET token staking on their SingularityDAO dApp.
In addition they talked about the continuing efforts for a brand new staking pool to assist CNT-FET (ASI) on the Cardano community.
This transfer makes the FET token extra accessible to buyers who wish to stake the asset. It additionally additional reveals SingularityNET’s dedication to supporting the AI ecosystem by its vary of AI companies.
Of late, FET suffered main worth decline alongside the broader crypto market being hit. This comes just a little over a month after the Synthetic Superintelligence Alliance (ASI), which is made up of SingularityNET, Ocean Protocol, and Fetch.ai, deployed the FET token on the Cardano blockchain.
Ben Goertzel, the CEO of SingularityNET and longtime Cardano supporter, stated that Cardano was probably the most environment friendly community for the deployment.
Goertzel stated that Cardano’s velocity, low value, and excessive safety had been all causes for the deployment selections. After the deployment, the FET token was rebranded to ASI as a local Cardano token (CNT).
The rebrand is according to the corporate’s mission to enhance interoperability throughout main blockchain networks. FET, as a local Cardano token, ought to enhance performance and integration throughout the Cardano ecosystem.
At report time, Bitcoin and the broader cryptocurrency market seem like nursing main worth losses. The Synthetic Superintelligence Alliance (FET) token, is one among many tokens recording a notable decline in worth. The asset now trades at a press time worth of $1.33, with 24-hour losses sitting at 5.36%.
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