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- Main AI decentralized protocol SingularityNET declares assist for FET (ASI) staking on the SingularityDAO dApp.
- SingularityNET revealed that it’s engaged on specs for a staking pool designed to assist CNT-FET (ASI) on Cardano.
- FET (ASI) struggles to remain afloat because the crypto market sustains large losses.
Decentralized AI platform SingularityNET has introduced FET token staking on their SingularityDAO dApp.
In addition they talked about the continued 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 traders 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 a little bit 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, mentioned that Cardano was essentially the most environment friendly community for the deployment.
Goertzel mentioned 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 in step 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 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 considered one of 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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