An altcoin focused on the recently popular artificial intelligence (AI) technology has nearly tripled over the past few days. Artificial intelligence came to the fore especially with an investment plan of Microsoft. Bill Gates’s statement that he was influenced by artificial intelligence, not metaverse or web3, drew attention. Here are the details…
Altcoin soars hard in less than 10 days
SingularityNET’s token AGIX had a pretty good rally in January. It was trading at $0.046 last week, and today it is as high as $0.253. That is, it rose 450 percent in less than 10 days. The popularity of AI applications among the masses, such as the ChatGPT language model, has contributed to the rise of SingularityNET’s token price. This trend was further strengthened when Microsoft Corporation announced its desire to invest $10 billion in the creators of ChatGPT and OpenAI.
According to CoinMarketCap, the cryptocurrency market focused on AI and big data is currently valued at $2 billion, almost double what it was earlier this year. The SingularityNET platform, an artificial intelligence project built on the Cardano Blockchain, has announced plans to enable interoperability between Ethereum and Cardano. The platform aims to launch AGIX-ADA staking on Cardano in the first quarter of 2023, and this will directly impact the value of Cardano’s native token ADA.
Artificial intelligence is gaining attention
AGIX is the native token of the artificial intelligence services market developed by SingularityNET. The platform built a bridge between the Ethereum and Cardano networks, allowing AGIX to be converted between them. Additionally, the platform has also launched an AGIX-ADA rewards program. The importance of the artificial intelligence industry has emerged with Microsoft’s investments. This highlights the growing interest and potential in the AI industry.
SingularityNET’s ambitious plans to enable cross-chain interoperability on Ethereum and Cardano are an important step towards realizing the full potential of artificial intelligence. The launch of AGIX-ADA staking on Cardano can provide users with more choice and flexibility in using and leveraging the AI services marketplace developed by SingularityNET.
Bill Gates’ statements
The acceleration of artificial intelligence gained momentum with the statements of the founder of Microsoft. As we have reported as Kriptokoin.com, Bill Gates made positive statements about artificial intelligence the other day. Bill Gates commented on some of the most popular concepts in technology and revealed that he is moderate about Web3 and the metaverse, but considers artificial intelligence to be “pretty revolutionary.” So, he stated that the next “big thing” could be artificial intelligence. Gates was particularly keen on generative AI, the AI that can create content. “I am quite impressed with the pace of development in these AIs. “I think they’re going to have a huge impact,” he said.
34430
