CandleFocus SingularityNET Expands FET Token Capabilities with Staking Feature
2024-10-11
Author: Content Editor
Decentralized AI platform SingularityNET has announced that FET tokens can now be staked on its SingularityDAO dapp. They are also working on creating a new staking pool for CNT-FET (ASI) on the Cardano network. This move aims to make the FET token more accessible to investors and demonstrates SingularityNET's commitment to supporting the AI ecosystem. The FET token recently experienced a significant price drop. SingularityNET CEO Ben Goertzel stated that Cardano's network efficiency and security were the reasons for deploying the FET token on the Cardano blockchain. As part of their mission to improve interoperability, the FET token has been rebranded as ASI as Cardano's native token (CNT). The token's current price is $1.33, down 5.36% in a day.
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