SingularityNET, a decentralized marketplace for AI algorithms, is considering moving a “significant portion” of its protocol and platform from Ethereum to Cardano.
That switch could involve swapping some of the protocol’s ERC-20 AGI tokens into Cardano-based ones, according to Ibby Benali, SingularityNET’s manager and data protection officer.
“The IOHK and SingularityNET platform teams have been seriously discussing what it would take to port a significant portion of the SingularityNET decentralized protocol and platform from Ethereum to Cardano…
Final decisions and details regarding porting of a portion of the SingularityNET network to Cardano have not yet been made and will be discussed in-depth with the SingularityNET community when the time is right. At the moment joint planning and exploration are proceeding very positively.”
SingularityNET was launched by Hanson Robotics, the company known for developing the famous robot “Sophia.” The AI firm announced a collaboration with IOHK, the technology company behind Cardano.
Benali cites speed and cost issues with the Ethereum blockchain, as well as general uncertainty about the timeline and particulars of its next-generation blockchain “Ethereum 2.0.”
