SingularityNET recently announced that the company has started collaborating with IOHK, which is run by the founder of Cardano, Charles Hoskinson. The big undertaking of the collaboration, as of right now, is to port a portion of SingularityNET’s AI platform onto the Cardano blockchain.
SingularityNET is a full-stack AI solution, with a major focus on decentralization. According to the company, “SingularityNET lets anyone create, share, and monetize AI services at scale,” and it is considered the first decentralized AI network.
This decentralized AI network is currently on the Ethereum blockchain, and according to the company, the move is largely driven by issues surrounding speed and cost. There are also concerns regarding the rollout of Ethereum 2.0, which has yet to be laid out clearly.