singularity

According to Axios, payment giant Stripe stated in a letter to investors that January 1 marks "the beginning of a singularity," viewing it as a significant turning point in a long-term trend, and believes that maintaining a private structure is best suited for this critical moment, with the IPO likely to remain on hold. The company reported a 41% year-on-year revenue growth in the first half of the year and a 43% increase in free cash flow; 88% of the companies in Forbes AI 50 (including OpenAI and Anthropic) are building on its platform, with revenue from AI and crypto companies more than doubling year-on-year.Stripe also confirmed the acquisition of the AI routing platform OpenRouter, with the transaction amount not publicly disclosed; Axios learned that the amount exceeds $8 billion and is primarily paid in stock. Stripe stated that remaining private helps advance mergers and acquisitions and long-term investments without diluting shareholders, with its equity count now lower than three years ago, and a compound annual return of about 31% since the D round. The company stated that the total payment volume on its platform is expected to reach $1.9 trillion by 2025, a year-on-year growth of 34%; in February this year, the employee stock purchase valuation was approximately $159 billion. There are also reports that Stripe is in discussions with Advent International to acquire PayPal for about $53 billion.

According to ChainCatcher news, SingularityNET has announced a partnership with Mind Network to launch ASI Hub, a decentralized AI service facility based on FHE (Fully Homomorphic Encryption), focusing on addressing two key challenges: AI Agent identity authentication and verifiable randomness.ASI Hub ensures the secure generation of AI agents' identities and provides on-chain verifiable randomness through FHE technology, effectively solving issues related to manipulation, verification, and data tampering of traditional off-chain randomness. Based on FHE technology, ASI Hub offers several core capabilities for AI Agents: including verifiable encrypted identity authentication, secure model initialization, data sampling security assurance, and reinforcement learning for random exploration. Additionally, based on the Pre-TGE Wave activity, FET token holders can now receive $vFHE points daily without the need for locking or cross-chain operations.As an important initiative of the Artificial Superintelligence Alliance (ASI), ASI Hub represents another significant advancement in the application of FHE technology by the SingularityNET, Fetch.AI, Ocean Protocol, and Cudos alliance, significantly enhancing the security defense capabilities of AI services and ensuring tamper-proof decision-making.Mind Network is pioneering a zero-trust Internet transmission protocol (HTTPZ), utilizing Fully Homomorphic Encryption (FHE) to achieve quantum-resistant, fully encrypted Internet data and AI computation. As the first FHE project to go live on the mainnet, it aims to become the infrastructure of the HTTPZ era, promoting the widespread application of FHE technology in the Web3 and AI fields, addressing key issues such as data security, quantum resistance, and decentralized consensus.

ChainCatcher news, according to Chainwire, the SingularityDAO community vote has approved the merger proposal with Cogito Finance and SelfKey. The three parties will form a new entity, Singularity Finance, focusing on the tokenization of the AI economy on EVM Layer 2.It is reported that this vote was conducted through the Snapshot governance framework, with over 15 million SDAO participating in the voting, achieving a support rate of 94.78%. The new entity will integrate the strengths of the three parties, focusing on AI-driven financial services, including the tokenization of real-world assets (RWA) and on-chain identity management.Singularity Finance will be led by a committee consisting of SingularityNET CEO Ben Goertzel, Cogito Finance CEO Cloris Chen, and SingularityDAO co-founder Mario Casiraghi. The project will continue to enhance SingularityDAO's existing AI-driven portfolio management services and combine SelfKey's compliance solutions with Cogito Finance's RWA tokenization technology to provide users with more comprehensive AI financial services.

ChainCatcher news, SingularityDAO plans to merge with Cogito Finance and SelfKey to form a joint project focused on the tokenization of the artificial intelligence (AI) economy.The new entity, Singularity Finance, will provide a second-layer network for tokenizing assets such as GPUs and offer AI financial tools. The planned merger will make SelfKey's existing token KEY the new token SFI of Singularity Finance.SingularityDAO's SDAO and Cogito's CGV will merge into SFI at ratios of 1:80.353 and 1:10.89, respectively. This process will vary based on discussions among stakeholders.It is reported that SingularityDAO's SingularityNET completed a similar merger in June with other AI-focused projects Fetch.ai and Ocean Protocol, forming the ASI token.

ChainCatcher news, the decentralized AI platform SingularityNET has released updates regarding the CNT-AGIX migration, Cardano-Ethereum bridging, and staking issues on X.Staking Withdrawal Issues: If resolved before the reward distribution phase starts at 9:00 AM UTC on September 16, 2024, please ensure the migration is completed before the eligibility snapshot at 2:00 PM UTC on September 19, 2024; if not resolved by 9:00 AM UTC on September 16, 2024, please contact the support team immediately for direct assistance; users will not be able to withdraw their tokens before the end of the reward distribution phase at 9:00 AM UTC on September 19, and there will be a 5-hour window to unstake and convert their tokens before the voting eligibility snapshot at 2:00 PM UTC that same day.Migration/Bridging Issues: Users should wait a few hours for the issues to resolve themselves. If the problem is not resolved within 12 hours, please navigate to contact the support team.Hardware Wallet Issues: Users should ensure that their hardware wallets and related applications are updated to the latest firmware version; further updates will be provided on Monday, September 16, 2024.

ChainCatcher message, supported by the Polygon ecosystem fund, announced on X that the second season of Quantlytica Earn is now live. The event runs from August 2 to September, with a total of 500,000 $CORL and 3 million $QTLX to be distributed as rewards. Quantlytica Earn aims to reward active participation from the community, allowing participants to share Quantlytica points from various vaults on the platform, gaining not only attractive APY but also additional airdrop points from partner projects.It is reported that Quantlytica announced a strategic partnership with Orderly Network, Singularity, and Coral Finance on July 31, allowing users to earn extra points from special reward pools associated with each protocol. Additionally, the earned Quantlytica points can be traded on the Coral Finance platform without having to wait for TGE.

ChainCatcher news, according to Cointelegraph, the decentralized AI platform SingularityNET announced an investment of $53 million in a modular supercomputer, focusing on decentralized artificial general intelligence (AGI). The first phase will invest $26.5 million, utilizing Ecoblox modular data centers and high-performance hardware from companies like Nvidia and AMD. This supercomputer will optimize the training of deep neural networks and large language models, promoting continuous learning and self-improvement of AGI.

ChainCatcher message, the official SingularityNET account posted on social media that its CEO Ben Goertzel's X account has been hacked. Users should not click on any related links, and SingularityNET currently has no AGIX airdrop plans.

ChainCatcher news, according to official sources, artificial intelligence platform developer SingularityNET and the governing body behind the Filecoin network, the Filecoin Foundation, have announced a partnership.It is reported that this collaboration aims to integrate the artificial intelligence and decentralized physical infrastructure network (DePIN) industries while maintaining decentralization, AI ethics, and data provenance.

ChainCatcher news, according to official sources, the Artificial Superintelligence Alliance (ASI), including SingularityNET, Fetch.ai, and Ocean Protocol, announced today the launch of a multi-coin merger to form a unified token.Today, SingularityNET (AGIX) and Ocean Protocol (OCEAN) tokens merged into FET. The migration platform on SingularityDAO dapp is now open.The second phase will focus on community onboarding and ASI deployment, prioritizing self-custody holders and deploying ASI tokens across multiple chains. The transition process includes setting up new migration contracts for AGIX and OCEAN tokens that have not yet converted to FET and EVM-based FET. During the mainnet upgrade of Fetch.ai, all FET mainnet tokens will be automatically converted to ASI. The migration contracts will be open for several years to ensure that all conversions have ample time.

ChainCatcher news, according to RootData data, the SingularityNET token (AGIX) has increased by 25.79% in the last 24 hours, currently priced at $0.682.Additionally, the Web3 asset data platform RootData shows that SingularityNET is a decentralized artificial intelligence platform and marketplace. Agents operating on the SingularityNET platform can flexibly outsource work to each other—trading information, negotiating payments, and conducting ratings that affect agent reputation.

ChainCatcher news, SingularityNET, Fetch.ai, and Ocean Protocol today announced the revised date for the ASI token merger, delaying it from June 13, 2024, to July 15, 2024.Fetch.ai stated that this adjustment is to meet the logistical needs and technical dependencies of exchanges, validators, and broader ecosystem partners.

ChainCatcher news, according to Spot On Chain monitoring, 13 hours ago, the SingularityNET associated multi-signature address transferred 4 million AGIX to Binance, approximately 3.63 million USD.

ChainCatcher news, Fetch.ai announced that the merger of Fetch.ai, Ocean Protocol, and SingularityNET Artificial Superintelligence (ASI) will be completed on June 13, 2024.Starting from June 11, 2024, $FET will be renamed to $ASI, and the merger will be completed on June 13. From June 11, ERC20 tokens will be available for users to exchange $FET for $ASI tokens through the token migration contract, and subsequently exchange for $AGIX and $OCEAN on June 13.

ChainCatcher news, the anime game metaverse Sekuya announced on platform X that it has completed a $1.6 million financing round, led by SingularityDAO, with participation from OIG Capital, GAINS Associates, NewTribe Capital, and angel investors Casiraghi Mario A. and SingularityNET.It is reported that Sekuya is an anime game metaverse platform incubated by SingularityDAO and supported by Immutable. Sekuya offers an immersive MOBA + RPG experience set in the universe of Novae Terrae, which consists of 10 worlds. Players, known as "Jumpers," can customize their characters using an AI character creator and interact with AI NPCs.

ChainCatcher news, the first part of the Frax Finance Singularity roadmap proposal has been approved. First, as the FRAX stablecoin becomes fully collateralized, veFXS holders' yield sharing can begin as early as this Wednesday, and the buyback of FXS through the Fraxtal liquidity engine will also start as early as next week. Secondly, the cap interest rate for sFRAX will be raised to 50% APY, with a minimum interest rate of 5.40%.Frax has also partnered with Ethena to allocate 250 million FRAX to the sUSDe lending pool in the lending protocol Morpho, as well as to POL in Fraxlend and Curve, to expand Frax's cash flow and enhance sFRAX APY.In the coming weeks, sfrxETH will receive support from EigenLayer AVS validators through strategic partnerships, providing holders with points and additional yields. Additionally, to give the community more time to stake veFXS on Fraxtal, the second snapshot date for FXTL points will be moved to April 18 at 07:59.