SingularityNET and Filecoin Foundation Forge Partnership to Advance AI and DePIN Integration

In a recent Medium post, SingularityNET announced a partnership with the Filecoin Foundation. This latest action is intended to improve network governance

SingularityNET recently announced a partnership with the Filecoin Foundation. This partnership aims to enhance network governance, fund research and development projects, and foster the growth of the Filecoin ecosystem and community. Ultimately, it will facilitate closer integration between the AI and DePIN (decentralized pinning) networks.

Short-, Medium-, and Long-Term Strategic Visions and Actions in SingularityNET and Filecoin Partnership

This partnership outlines separate visions for the short, medium, and long term. In the short term, SingularityNET will utilize Filecoin’s Lighthouse SDK for metadata storage.

The medium-term focus will be on integrating Filecoin’s technology stacks into SingularityNET to cater to archival data needs, enhancing the robustness and security of AI-generated data storage. In the long term, the partnership aims to leverage Filecoin for the construction and maintenance of a Knowledge Graph.

The TD Sequential presents a buy signal on the #Filecoin $FIL 3-day chart, anticipating a rebound of one to four candlesticks! pic.twitter.com/DVenXriA24

— Ali (@ali_charts) July 10, 2024

Shifting our attention to Filecoin’s native token, FIL, renowned on-chain analyst Ali Martinez has identified a potential short-term rebound.

Ali shared a price chart and the TD Sequential indicator, which shows a buy signal on a three-day timeframe. At the time of writing, the price of FIL had experienced a slight increase of 0.77% over the last 24 hours, trading at $4.02.

Earlier this month, CNF covered the launch of an artificial intelligence (AI) data collection tool for consumers by FileMarket. This tool is a data tokenization technology supported by Filecoin.

Additionally, as we previously highlighted, GetBlock has facilitated Filecoin’s expansion efforts by enabling the easy hosting of smart contracts on the Filecoin Virtual Machine.

The partnership between SingularityNET and the Filecoin Foundation marks a significant step in the integration of blockchain and AI.

As this relationship unfolds, it will be intriguing to observe the impact of these initiatives on the broader blockchain and AI landscapes, potentially setting new standards for future technical collaborations.

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