In the financial hub of Dubai, the Cardano Summit 2023 is set to bring together some of the top projects in the crypto industry. Over the course of the three-day event, speakers, founders, and the community will share their insights on the growing sector and the future of Cardano and blockchain technology. Our team had the opportunity to speak with the team behind SingularityNET, one of the pioneering projects that has been integrating blockchain, machine learning, and Artificial Intelligence (AI) products. The community has been eagerly awaiting staking features and their wish has finally been granted. On the daily chart, ADA’s price is trending upwards. Source: ADAUSDT on Tradingview

During the Cardano Summit 2023, SingularityNET unveiled the introduction of staking capabilities for users who hold their native token, AGIX. This allows users to earn a yield from holding the token and contribute to the adoption of both Cardano and SingularityNET. The staking capabilities will be rolled out to everyone later this month. SingularityNET has been at the forefront of the intersection between the emerging industry and AI long before these technologies gained global attention. Now, their partnership with IOG and Cardano positions them perfectly to benefit from the integration of AI and blockchain-based projects as major companies invest in these spaces. We had the opportunity to sit down with Janet Adams, COO of SingularityNET, and Mihaela Ulieru to discuss the future of blockchain and AI, the role of the community, and their partnership with Cardano. Here is what they shared with us.

Q: Can you share your experience at the Cardano Summit 2023? What does it mean for SingularityNET and its partnership with Cardano?
Adams: It feels like home. When I attend a Cardano Summit, our partnership with Cardano is truly deep and strong. I have many friends here today, exploring the different booths and meeting thriving businesses that are building on Cardano. I have met so many friends of SingularityNET as well. We have our popular Dessa (Desdemona) Robot here. Dessa is like a pop star, built by Hanson Robotics. The experience has been very positive. I have had many fruitful discussions with the Cardano community. However, what is truly important for SingularityNET this year is that our AGIX ADA staking solution on Cardano is ready to launch in the next one to two weeks. This is something the Cardano community has been asking for, and now we can finally say “we have staking.” Everyone is super excited about it. And this will pave the way for us to bring the full SingularityNET marketplace onto Cardano as our next major step.

Q: SingularityNET started as a project on Ethereum and eventually migrated to Cardano. What has been the outcome of this migration? Are your ties with Cardano and its community growing stronger?
Adams: Our visionary founder, Dr. Ben Goertzel, has a strong relationship with Charles Hoskinson. There are three key reasons why Cardano is an ideal blockchain partner for SingularityNET. First, we share a common vision and goal to create a positive impact on humanity. Cardano was founded with the purpose of providing digital identity solutions to populations that lack them. The Cardano community is driven by a shared passion for making a positive difference in the world and reducing inequalities. We also have common interests in Africa, where we both have offices. Second, the mathematical foundation of the Cardano blockchain is the most robust and secure among all the blockchains developed. Since our AI is mathematically driven, it is crucial for us to run on a solid and secure blockchain infrastructure. Lastly, Cardano offers better gas fees and has a passionate community. These two passions combined with a strong and secure blockchain make it clear that working together with Cardano presents a great opportunity. SingularityNET and Cardano are building technologies that have the potential to significantly reduce inequalities.

Q: Can you tell us about SingularityNET’s latest projects and how AI connects with blockchain technology? Why did you choose to build on Cardano instead of another network?
Ulieru: Our most outstanding projects are focused on building the future of Artificial General Intelligence. Zarqa, for example, is a large language model that outperforms ChatGPT due to its unique approach, which incorporates symbolic reasoning on top of neural network methods. Another important project is the Cogito Protocol, which includes Green Coin, a stablecoin pegged to the Sustainability Index. It incentivizes actions that improve the state of the world in terms of climate and sustainability. Rejuve is a health impact project that helps people improve their health through lifestyle guidance and includes a genetic product for longevity improvement. Lastly, Sophiaverse is a game in the metaverse that enables AGI to train by interacting with people. These projects, among many others, are built on Cardano because it offers the best technological stack.

Q: How do you envision the future of AI on the blockchain? What do you expect Cardano and SingularityNET to achieve in the coming years?
Ulieru: AI is all about processing large amounts of data, but it often raises concerns about privacy. Blockchain also faces challenges in terms of transparency and privacy. However, Cardano has come up with an innovation called the Midnight blockchain, which enables the processing of encrypted data through its “dust” token. SingularityNET is also expanding Hydra, the side chain of Cardano, with an implementation of a “ledgerless” blockchain called Hypercycle. This allows for the processing of encrypted data while preserving privacy. Hypercycle has been chosen as the “Internet of AI” by SingularityNET, as it also includes a “router” for the Internet of AI that users can install to bring AI algorithms to their data, keeping it private and secure. We chose Cardano because it is the most innovative blockchain in terms of technology. The Keynote by Charles Hoskinson today affirmed this, highlighting Cardano’s flexibility to interoperate with other blockchains. We, at SingularityNET, believe in being blockchain agnostic and want to enable everyone to use our technology. Yesterday, we also announced that we have started staking AGIX on the Cardano blockchain.