SingularityNET Latest Ecosystem Updates: June 2022

SingularityNET development and blockchain teams have partnered with MLabs, experts in Plutus development for Cardano, to create the AGIX-ADA staking contracts. The contracts are currently under evaluation in testnet and will soon be audited externally. The final stage of development will be creating the staking portal on the SingularityDAO v2 Dapp. The SingularityDAO v2 Dapp is gearing up for launch in Q3, and the staking portal will be launched shortly after that, approximately mid-Q3. The Loyalty Rewards wallet was created to demonstrate the gratitude of SingularityNET to the Phase One token holders for supporting the Phase Two initiative; as well as an opportunity to incentivize and reward community growth through new token holders on the Cardano blockchain. The technical backend portal has been designed and is under evaluation on testnet, and the team is also actively working to integrate more wallets. The portal is expected to be ready for community launch in Q3, and further details on the program will be coming shortly. We look forward to community feedback and discussion as we work with the community to design an optimal system.