In 2023, AI tokens SingularityNET (AGIX) and The Graph (GRT) have gained significant attention in the crypto sphere. GRT’s value has soared by over 170% since the beginning of the year, while AGIX has recorded a return of 965%. Despite GRT’s dominance, AGIX is proving to be a strong contender in the AI token market🤖💹.
SingularityNET, founded in 2017, is a blockchain-supported platform allowing users to design, share, and trade AI services using AGIX as its utility coin💰. The platform has an AI marketplace and houses a variety of innovative AI services🌐. SingularityNET is known for Sophia, the humanoid robot🤖.
SingularityNET uses smart contracts to maintain balance and fairness for network participants, allowing developers to focus on their expertise🤝. AGIX is an ERC-20 coin supported by the Ethereum Proof-of-Stake consensus mechanism💱.
The Graph, founded in 2018, is an indexing protocol for querying data for Ethereum, POA, and IPFS, powering numerous solutions in the DeFi and Web3 space🌍. It aggregates data through nodes, with users categorized as Curators, Indexers, and Delegators👥. GRT, also an ERC-20 token, is utilized for Indexer staking and Curator Signaling⚖.
AGIX is closing the gap on GRT with a market cap growth of 1024% since the beginning of the year, compared to GRT’s 162% increase📈. The growth is driven by the combination of AI and blockchain innovations, Sophia’s increasing attention, and SingularityNet’s collaboration with Cardano in February 2023🚀.
To dive deeper, check out the complete article: https://droomdroom.com/how-singularitynet-performing-against-graph-in-2023/
