SingularityNET, a leading decentralized AI platform, teams up with Minswap Labs, the first multi-pool decentralized exchange on Cardano, to combine AI and DeFi technologies. This partnership aims to push the boundaries of DeFi on Cardano and enhance the Web3 ecosystem by offering improved products and solutions.

The collaboration between SingularityNET and Minswap Labs will involve exploring and developing multiple integrations to improve the Minswap platform, enhance the accessibility and usability of SingularityNET's native token AGIX, and create new products and solutions for the Web3 ecosystem. The companies will also optimize liquidity pools and strategically use token incentives to increase adoption and usability of their respective ecosystems.

The partnership has already begun, with Minswap supporting SingularityNET in its Artificial Superintelligence (ASI) Alliance. The collaboration will provide benefits to Cardano, such as liquidity provision, which will contribute to the overall growth of the crypto sector.

The current market shows a 1% decline in ADA's price, trading at $0.45, with a 24-hour low and high of $0.44 and $0.46, respectively. The trading volume has decreased by 35% in the last 24 hours, indicating a decline in trader interest. On the other hand, AGIX's price has increased by more than 1% in the last 24 hours, currently trading at $0.824, with a 24-hour low and high of $0.791 and $0.866, respectively.

This partnership between SingularityNET and Minswap Labs is expected to bring AI and DeFi closer together, potentially leading to a rally in ADA and AGIX prices. The collaboration will provide benefits to both ecosystems, contributing to the growth and development of the Web3 ecosystem.