• SingularityNET announces the upcoming launch of AGIX staking on Cardano at the Cardano Summit.
• Cardano’s market is experiencing a revival with a surge in wallet activity and investor engagement, leading to a significant price increase for its cryptocurrency, ADA.

Dubai’s Grand Hyatt will play host to blockchain enthusiasts as SingularityNET announces the imminent launch of AGIX staking on the Cardano Blockchain during the Cardano Summit this week. High on the agenda is the announcement from SingularityNET, which will reveal the launch of AGIX staking on the Cardano blockchain—a significant milestone for the ecosystem.

Forging Connections at the Forefront of Blockchain Technology

The summit is prepared to host a series of engaging activities that include masterclasses, keynotes, and panel discussions over three days. Attendees will have the unique opportunity to connect with global leaders and explore various topics surrounding the blockchain industry.

Among the anticipated highlights are the contributions from SingularityNET’s team, featuring COO Janet Adams and Chief AI Alchemist Dr. Mihaela Ulieru. Adams will participate in a panel titled “Applying AI Research to Blockchain Business Models,” discussing the intersection of blockchain and artificial intelligence. Concurrently, Dr. Ulieru will engage in the discussion “Recalibrating Value, Identity and Impact through the Blockchain,” focusing on the implications of blockchain technology on sustainability, as underscored by the “Cardano Impact Report.”

Staking AGIX on Cardano: A Strategic Advance

SingularityNET will provide a detailed overview of the AGIX staking process on the Cardano platform. This innovative feature aims to empower the decentralized AI marketplace and reward the community for their participation and support. The organization emphasizes that ease of use, security, and community rewards are at the heart of their new staking solution.

Token holders are encouraged to utilize the SingularityNET bridge to transfer AGIX tokens from Ethereum to Cardano in anticipation of the staking feature’s roll-out. Complementing SingularityNET’s presence, sister projects Rejuve.ai and NuNet will also be on hand to discuss their innovative contributions to the Cardano ecosystem, presenting the diverse potential and impact of the technology.

SingularityNET’s announcement of AGIX staking on the Cardano blockchain stands as a testament to the vibrant growth and dynamic future of the sector.

Revival of Cardano Activity Spurs Market Excitement

The summit is timely since Cardano’s ecosystem has seen a notable uptick in its previously inactive wallet interactions, hitting a peak that hasn’t been observed since April of the previous year. This revitalized on-chain activity indicates a greater coin distribution among participants in the first-layer network, reflecting an uptick in investor participation and highlighting that key ADA stakeholders, specifically whales and sharks who hold anywhere from 100,000 to 10 million ADA, have accumulated around $48 million worth of the currency over a fortnight.

This accumulation by prominent investors has catalyzed a bullish trend for ADA’s market value. The most recent figures show that the flagship cryptocurrency has achieved a price point of $0.309, showcasing a notable 8 percent increase in just one day. Looking at the broader timeline, Cardano has seen a significant 15.4 percent rise in value over the past month, reinforcing the market’s trust and optimism in the digital asset.

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