- Main AI decentralized protocol SingularityNET broadcasts help for FET (ASI) staking on the SingularityDAO dApp.
- SingularityNET has revealed that it’s engaged on specs for a stakeholder designed to help CNT-FET (ASI) on Cardano.
- FET (ASI) is struggling to remain afloat because the crypto market suffered huge losses.
Decentralized synthetic intelligence platform SingularityNET has introduced the staking of FET tokens on their SingularityDAO dApp.
In addition they talked about the continued efforts for a brand new stakeholder to help CNT-FET (ASI) on the Cardano community.
This transfer makes the FET token extra accessible to buyers trying to stake property. It additional demonstrates SingularityNET's dedication to supporting the AI ecosystem by means of a variety of AI providers.
Not too long ago, FET has suffered a big drop in worth together with hitting the broader crypto market. This comes simply over a month after the Synthetic Superintelligence Alliance (ASI), which consists of SingularityNET, Ocean Protocol and Fetch.ai, deployed the FET token on the Cardano blockchain.
Ben Goertzel, CEO of SingularityNET and a longtime Cardano supporter, stated that Cardano is probably the most environment friendly community for deployment.
Goertzel stated Cardano's velocity, low price and excessive safety have been causes for the choice to deploy it. After deployment, the FET token was renamed to ASI as a local Cardano token (CNT).
The renaming is consistent with the corporate's mission to enhance interoperability throughout main blockchain networks. FET as a local Cardano token ought to enhance performance and integration throughout your complete Cardano ecosystem.
On the time of the report, Bitcoin and the broader cryptocurrency market look like experiencing main worth losses. The Synthetic Superintelligence Alliance Token (FET) is without doubt one of the many tokens experiencing a big worth drop. The asset is now buying and selling at a press time worth of $1.33 with 24-hour losses of 5.36%.
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