AGIX, the utility token of the SingularityNET ecosystem, has experienced a recent surge in value. Here’s why:

Microsoft’s Investment in OpenAI: The price of AGIX started rising around Tuesday after Microsoft announced plans to invest a whopping $10 billion in OpenAI, the startup behind the popular artificial-intelligence tool ChatGPT1. This significant investment has sparked interest and confidence in the AI-focused crypto market, leading to increased demand for AGIX.

Blockchain AI Project: SingularityNET, the blockchain AI project, has been at the forefront of this surge. AGIX has surged 18% in the past 24 hours and an impressive 80% over the past seven days1. Its trading volume has also seen a remarkable increase of 529% in the last 24 hours.

Cross-Blockchain Utility: AGIX, launched in 2018 and rebranded in 2021, operates across multiple blockchains such as Cardano and Ethereum. Its versatility and potential applications in the AI domain have contributed to its recent popularity1.

Other AI-Related Tokens: AGIX isn’t the only AI-focused token on the rise. Tokens like The Graph (GRT) and Fetch.ai (FET) have also seen positive movement recently1.

In summary, AGIX’s recent pump is closely tied to Microsoft’s investment in OpenAI and the growing interest in AI-related tokens. Keep an eye on this dynamic market as it continues to evolve! 🚀

$AGIX