Cardano-Backed SingularityNET Sets Up Shop In Switzerland’s Zug For AI Advancements
Summary
SingularityNET, a decentralized AI marketplace on Cardano, has established its foundation in Switzerland's Crypto Valley to expand its global community and foster research projects. The move aligns with the Web3 vision and emphasizes transparency and compliance. Crypto projects in Switzerland and Liechtenstein have reached a combined valuation of $383 billion, with Ethereum leading at $273 billion. Despite a decline in Web3 venture capital funding, Switzerland and Liechtenstein continue to attract 5% of all funding and are home to over 1,290 Web3 firms. Cardano's native token, ADA, is currently trading at $0.5381, showing a 1.8% price increase in the past 24 hours.
