AI firm SingularityNET today announced a partnership deal with Cardano. Previously, SingularityNET operated exclusively on the Ethereum blockchain. As such, many have taken the news as a significant blow for Ethereum stakeholders.
We’re extremely excited to announce our collaboration with #IOHK @InputOutputHK, a company led by @Cardano founder Charles Hoskinson @IOHK_Charles. Review some of the motivations, synergies and possibilities underlying this collaboration here: https://t.co/v1Kf449JCn pic.twitter.com/ME1H3z1hJs
— SingularityNET (@singularity_net) September 30, 2020
However, SingularityNET CEO Dr. Ben Goertzel said it was always in the plan to make SingularityNET multi-chain. While Ethereum does have scaling and cost issues, Goertzel made it clear that, at this stage, he is still working with both blockchains.
“What I want to do is make SingularityNET platform infrastructure multi-chain. We had that in our minds from the very beginning. Right now it’s all on Ethereum… but it doesn’t all have to be on one blockchain… some of the AGI tokens will remain on Ethereum, and some migrates to Cardano.”
Nonetheless, Goertzel still laid out his expectations for performance and technological development. Meaning, underperformance from either chain would see a migration away from that chain.
“how much remains on Ethereum and how much goes to Cardano, that’s for the community and the market to decide, right? If the Cardano portion works much much better then everything should migrate there. If it turns out the Ethereum portion is more useful for some purposes, then so be it.”