- Main decentralized AI protocol, SingularityNET, proclaims help for FET Staking (ASI) on the SingularityDAO dApp.
- SingularityNET has revealed that it’s engaged on specs for a staking pool designed to help CNT-FET (ASI) on Cardano.
- FET (ASI) is struggling to remain afloat because the crypto market suffers large losses.
Decentralized AI platform SingularityNET has introduced the staking of FET tokens on its SingularityDAO dApp.
Additionally they talked about ongoing efforts to create a brand new staking pool to help CNT-FET (ASI) on the Cardano community.
The transfer makes the FET token extra accessible to traders who need to stake the asset. This additionally reveals SingularityNET's dedication to supporting the AI ecosystem via its vary of AI providers.
Recently, FET has suffered a major worth decline, alongside the shock of the broader crypto market. This comes simply over a month after the Synthetic Superintelligence Alliance (ASI), made up of SingularityNET, Ocean Protocol and Fetch.ai, deployed the FET token on the Cardano blockchain.
Ben Goertzel, CEO of SingularityNET and long-time Cardano supporter, mentioned Cardano was essentially the most environment friendly community for deployment.
Goertzel mentioned Cardano's pace, low price and excessive safety had been all causes behind the deployment selections. After deployment, the FET token was rebranded as ASI because the native Cardano token (CNT).
The rebranding is in step with the corporate's mission to enhance interoperability between main blockchain networks. FET, as Cardano's native token, is anticipated to enhance performance and integration into the Cardano ecosystem.
On the time of reporting, Bitcoin and the broader cryptocurrency market look like struggling vital worth losses. The Synthetic Superintelligence Alliance (FET) token is certainly one of a number of tokens seeing a notable drop in worth. The asset is now buying and selling at a worth of $1.33 at press time, with 24-hour losses of 5.36%.
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