Cardano partners with SingularityNET

Revolutionizing DeFi - with AI: that's the goal of a new collaboration between SingularityNET and Minswap Labs, a DEX on Cardano.

Revolutionizing DeFi - with artificial intelligence: this is the goal of a new partnership between SingularityNET and Minswap Labs, a DEX on Cardano.

SingularityNET is one of the oldest and most valuable AI tokens and is part of the new "Alliance for Superintelligence" with Fetch.AI and Open Protocol, which is worth several billion US dollars.

Minswap will incorporate SingularityNET's AI into its interface, for example, for leverage or analytics. They are also working on joint products.

AI coins are currently experiencing a hype. Many have risen hundreds of percent in recent months, driven by developments around OpenAI, Nvidia and co.

A Coinbase analyst warns, "AI tokens are more hype than value."

Last week, Cardano announced a partnering with Huawei.

Cardano is the 10th most valuable cryptocurrency and trades at about 42 cents. It has lost more than 25 percent of its value in the past seven days.