A Chat With SingulariyNET, Staking Announcement
In the financial hub of Dubai, the Cardano Summit 2023 will bring together some of the most impactful projects in the crypto space. During the three-day event, speakers, founders and the community will express their views on the growing sector and the future of networking and blockchain technology as Cardano enters a critical stage of His development.
Our team had the opportunity to speak with the team behind SingularityNET, one of the first projects to work on integrating blockchain, machine learning and artificial intelligence (AI) products. The community asked for staking features and finally got an answer.
SingularityNET Launches Staking for AGIX Tokens at Cardano Summit 2023
During the event, SingularityNET revealed the implementation of staking capabilities for users holding their native token, AGIX. In this way, users can generate yield by holding the token and contribute to the adoption of Cardano and SingularityNET.
📢 Exciting news: AGIX Staking is coming to @Cardano!
Get exclusive information by visiting our stand at #CardanoSummit2023 – we have a special surprise waiting for you!
Read our latest blog post for more details: https://t.co/qajpfZfdUL#AGIXonCardano #CardanoCommunity
– SingularityNET (@SingularityNET) November 2, 2023
Staking capabilities will roll out to everyone later this month. As mentioned, SingularityNET has been working on the intersection between the nascent industry and AI long before these technologies became a global trend. Now, their partnership with IOG and Cardano makes them an ideal candidate to benefit from the adoption of both, as larger companies pour capital and effort into integrating AI and blockchain-based projects.
Our team spoke with Janet Adams, COO of SingularityNET, and Mihaela Ulieru about the future of blockchain and AI, the role of community, and their partnership with Cardano. That’s what they told us.
Q: Could you tell us about your experience at Cardano Summit 2023? What does this mean for the SingularityNET ecosystem and its partnership with Cardano?
Adams: Feel at home. When I come to a Cardano summit, our partnership with Carano is very deep. It’s very strong. I have so many friends here today walking around all the different booths, meeting all the different companies that are thriving, building on Cardano, and meeting so many friends from Singularity Net. We are here with the robot Dessa (Desdemona).
Dessa is very popular. This is our pop star, our rockstar robot using of course a humanoid robot, built by Hanson Robotics. It has been very positive. I’m having a number of really positive discussions with the entire Cardano community. But what’s really important to us this year at SingularityNET is that our AGIX ADA staking solution on Carano is ready to launch in the next two weeks.
And this is something the Cardano community always asks me, “when staking”. And now it’s finally here, I’m here this week and this weekend telling everyone “We now have staking.” They’re all super excited about it. And then that opens the door for us, bringing the entire SingularityNET market to Carano as our next major technical action.
Q: SingularityNET was a project under development on Ethereum and eventually migrated to Cardano; what was the result of this migration? Are your ties with Cardano and its community strengthening?
Adams: So our visionary founder, Dr. Ben Goertzel, has a strong relationship with Charles Hoskinson. And there are two to three main reasons why Cardano is a top blockchain partner for us at SingularityNET.
The first is that we share a common vision and goal to have a positive impact on humanity. Cardano was created to bring digital identity to populations who do not have these types of solutions. And the common passion I feel when meeting the Cardano community is that of positive impact. It is therefore number one within the entire crypto community. And I meet many, many communities around the world. The Cardano community is the most motivated, driven community, the community that truly cares about dramatically improving life on the planet for the people who need it most and reducing inequality. We share common interests in Africa, where we also both have offices.
So one is the purity of purpose, the second is the mathematical foundation of the Cardano blockchain. It’s clearly long-term, it’s clearly the most mathematically robust blockchain that has been developed. And because our AI is also clearly mathematically motivated as a mathematical solution, it’s really important that our AI runs on really strong, really secure, really scalable blockchain infrastructure.
And then the third reason is we wanted to take advantage of the much better gas fees on Cardano, but the community, the strength of the community, is the most passionate community in the world. We’re the most passionate company in the world, and our community is passionate, too. And so, you bring these two passions together with a blockchain that is more robust, more scalable, more solid, more mathematically proven than any other blockchain. It’s clear that this is a very strong opportunity for us to work together, SingularityNET and Cardano are building the most important technologies of all time to reduce inequality.
Q: Could you tell us about SingularityNET’s latest projects and how artificial intelligence (AI) connects to blockchain technology? Besides, why rely on Cardano rather than a different network?
Ulieru: Some of our most notable projects are building the future of artificial general intelligence, like Zarqa – a large language model that performs much better than ChatGPT thanks to our approach, which relies on a layer of symbolic reasoning on top of normal reasoning. neural network methods involved in ChatGPT. Another one close to my heart is the Cogito Protocol, which has an early Green Coin application – a stablecoin linked to the Sustainability Index and which will grow as we move forward to solve the climate and sustainability conundrum.
It therefore offers a holistic perspective to encourage actions that improve the state of the world on a large scale. Rejuve is a health impact project that empowers people to improve their health (an app guides them on healthy lifestyle tips), including a genetic product that improves longevity. And finally, Sophiaverse – a game in the metaverse allowing AGI to practice by interacting with people through a game structure. There are many others and all of them rely on Cardano as our favorite blockchain because it has the best technology stack.
Q: How do you see the future of AI running on blockchain? And what do you expect from Cardano and SingularityNET in the coming years?
Ulieru: AI is about processing large amounts of data, and the biggest problem is that it infringes on the privacy rights of individuals. With Blockchain, this is also difficult to solve, given the transparency inherent in the design. Cardano has proposed an innovation, presented today by Charles Hoskinson here at the Summit, the Midnight blockchain, with its “dust” token, which can enable the processing of encrypted data. There is also a development in scaling Cardano – as SingularityNET extends Hydra, the Cardano sidechain, with a new implementation of a “ledgerless” blockchain named Hypercycle (see hypercycle.ai), which allows processing encrypted data. and as such preserves privacy. Hypercycle was chosen by SingularityNET to be the “Internet of AI” since their innovative implementation also comes with a “router” for the Internet of AI that anyone can install in place of their normal router and thus bringing AI algorithms to their data, which they can keep private and secure on their own personal router.
At SingularityNET, we chose Cardano because it is by far the most innovative blockchain in terms of technology. Charles Hoskinson’s keynote today proved exactly that, including Cardano’s flexibility to enable interoperability with all other blockchains, something we praise a lot at SingularityNET, as we are blockchain agnostic and want to allow everyone to use us. And yesterday we also announced that we have started staking on AGIX on the Cardano blockchain.
Cover image from Unsplash, chart from Tradingview
