SingularityNET ($AGIX), the blockchain-powered platform for AI services, has recently announced that its Cardano staking portal is set to launch a beta testing version early next month. This move comes as the SingularityNET team aims to launch the staking portal on mainnet in the first quarter of the year.
According to a tweet from SingularityNET’s team, the portal will go live in a beta testing phase, with a successful test meaning it will be released on mainnet in the first quarter.
The staking portal will allow AGIX token holders to stake their tokens on the Cardano network, in addition to the Ethereum network.
Last year, the project launched an ERC-20 token converter, which allowed users to move their AGIX from Ethereum to Cardano. SingularityNET’s platform allows anyone to “build, share, and monetize” AI services through its marketplaces, which lets users browse and buy these services using its native AGIX token.
SingularityNET has been gaining popularity as tech giants pour funds into artificial general intelligence (AGI) projects.
Microsoft invested as much as $10 billion on ChatGPT-maker OpenAI and Google announced the launch of a ChatGPT competitor called Bard. SingularityNET’s market capitalization now stands at $680 million.