SingularityNET and Minswap Labs have entered an exclusive agreement to jointly introduce innovative products and services to the Web3 space.

Under this formal agreement, both entities will explore and advance various integrations focusing on utilizing Miniswap’s decentralized exchange framework to enhance the usability and accessibility of SingularityNET’s native token.

Moreover, SingularityNET’s AI technology will be utilized to enrich the Minswap platform, enhancing the availability and utility of SingularityNet’s protocol token. This integration of DeFi and AI aims to create novel functionalities in both domains.

Aside from immediate benefits like an AI-enhanced interface, the collaboration will prioritize maximizing liquidity pools and effectively implementing token incentives to boost participation in their ecosystems.

Thanks to Minswap’s Liquidity Pools, which attract AGIX holders, SingularityNET gained an advantage in its governance vote for the Artificial Superintelligence (ASI) Alliance, representing 99% of the TVL on the Cardano network.

SingularityNET CEO Dr. Ben Goertzel emphasized the importance of close collaboration between AI and DeFi technologies as AI increasingly dominates the global economy and decentralized AI grows.

There are numerous ways modern AI can enhance the functionality of a premier DEX like MinSwap, including integrating intelligent interactive user interfaces and employing AI for causal and predictive analysis within exchange agents. Conversely, by increasing token liquidity, MinSwap could play a crucial role in bringing more SingularityNET AI capabilities to Cardano.

Minswap Labs CEO Long Nguyen highlighted that the collaboration has paved the way for exploring various feasibility studies for Minswap V2, LP association, AI integrations, and potential integration of token bridge capabilities from SingularityNET.

Dr. Ben Goertzel founded SingularityNET with the aim of developing a decentralized, democratic, inclusive, and beneficial artificial general intelligence (AGI), attracting proficient individuals across various fields to the team.

Minswap, a Decentralized Exchange (DEX), has won the Best DeFi Award at the 2022 and 2023 Cardano Summits. Its notable contributions to the Cardano ecosystem include the FISO model, widely regarded as the most equitable ISO model among Cardano users, and an emphasis on Protocol Owned Liquidity.