- Main AI decentralized protocol SingularityNET has introduced assist for FET (ASI) staking on the SingularityDAO dApp.
- SingularityNET has revealed that it’s engaged on a specification for a staking pool designed to assist CNT-FET (ASI) on Cardano.
- FET (ASI) is struggling to outlive because the crypto market suffers enormous losses.
Decentralized AI platform SingularityNET has introduced FET token staking on the SingularityDAO dApp.
Additionally they talked about continued efforts in the direction of a brand new staking pool to assist CNT-FET (ASI) on the Cardano community.
This transfer will make FET tokens extra accessible to traders who wish to stake their belongings. Moreover, it demonstrates SingularityNET's dedication to supporting the AI ecosystem via quite a lot of AI companies.
Not too long ago, FET has suffered a big worth drop because the broader cryptocurrency market has taken a success. This comes somewhat greater than a month after the Synthetic Superintelligence Alliance (ASI), comprised of SingularityNET, Ocean Protocol, and Fetch.ai, deployed FET tokens on the Cardano blockchain.
Ben Goertzel, CEO of SingularityNET and long-time Cardano supporter, mentioned Cardano is probably the most environment friendly community to deploy.
Goertzel mentioned Cardano's velocity, low price, and excessive safety have been all causes for the choice to implement it. After its introduction, the FET token was rebranded to ASI because the Native Cardano Token (CNT).
This rebranding is according to the corporate's mission to enhance interoperability between main blockchain networks. As a local Cardano token, FET ought to enhance performance and integration throughout the Cardano ecosystem.
On the time of reporting, Bitcoin and the broader crypto market seem like experiencing important worth declines. The Synthetic Superintelligence Alliance (FET) token is without doubt one of the many tokens that has skilled a notable worth decline. The asset is presently buying and selling at $1.33 at press time, with a 24-hour lack of 5.36%.
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