Cardano Launches Converter Testnet for Project by AI Pioneer Behind Robot Sophia

AGIX

AGIX ERC20 converter was started in testnet mode

Holders of SingularityNET’s AGIX token can now ditch Ethereum and migrate to the Cardano blockchain.

According to a December 7 announcement made by Input Output, its AGIX ERC20 converter is now launched in testnet mode.

ERC20 tokens can be converted into the new format and transferred to ‎EMURGO’s Yoroi or Input Output’s Daedalus.

SingularityNET operates as a blockchain-powered artificial intelligence marketplace that aims to enable seamless monetization of various AI services.

Its utility token was initially launched on the Ethereum blockchain under the AGI ticker. In May, it was revamped to Cardano-compatible AGIX.

SingularityNET is led by AI pioneer Ben Goertzel, who is famous for working on the humanoid robot Sophia while he was the chief scientist at Hong Kong-based Hanson Robotics.

Goertzel said that migrating to Cardano will allow the project to add new functions:

The importance of this port to SingularityNET and the entire blockchain and AI ecosystems cannot be overstated – it will not only produce a much faster and more economical AI network, but also an extremely superior base for add new advanced functions to SingularityNET and move towards realizing our vision of decentralized AGI.

The partnership between SingularityNET and Cardano was announced last September. The AI project, however, is not completely giving up on Ethereum: its users will have to pick the preferred platform.

In September, the Cardano blockchain was integrated with Grace, the SingularityNET humanoid nursing robot that aims to disrupt care for the elderly.

Input Output is also working on allowing users of other blockchains to migrate their tokens to Cardano.

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