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- SingularityNET partners with the Filecoin Foundation to boost AI and DePIN industry integration.
- Collaboration aims to enhance data storage security and governance for AI-generated data.
In a recent Medium post, SingularityNET announced a partnership with the Filecoin Foundation. This latest action is intended to improve network governance, fund research and development projects, and promote the expansion of the Filecoin ecosystem and community. Importantly, it will pave the way for greater integration between the AI and DePIN businesses.
Strategic Visions and Immediate Actions in SingularityNET and Filecoin Partnership
This partnership contains separate visions for the short, medium, and long term. In the short term, SingularityNET will use Filecoin’s Lighthouse SDK to store metadata.
In the medium term, the focus will be on integrating Filecoin’s technology stacks into SingularityNET to meet archival data requirements, thereby improving the robustness and security of AI-generated data storage. The long-term goal is to use Filecoin to build and manage 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
Turning our attention to Filecoin’s native token, FIL, famous on-chain analyst Ali Martinez has identified a possible short-term rebound.
Ali tweeted a price chart and the TD Sequential indicator, which provides a buy signal on a three-day timeframe. At the time of writing, the price of FIL had risen by 0.77% over the last 24 hours to $4.02.
Earlier this month, CNF reported that FileMarket has launched an artificial intelligence (AI) data collection tool for consumers. This is a Filecoin-supported data tokenization technology.
Furthermore, as we previously highlighted, GetBlock has supported Filecoin’s expansion efforts by allowing for the easy hosting of smart contracts on the Filecoin Virtual Machine.
The partnership between SingularityNET and the Filecoin Foundation represents a significant step forward in the growth of blockchain and AI integration.
As the relationship progresses, it will be interesting to see how these initiatives affect the broader blockchain and AI environments, potentially setting new benchmarks for future technical collaborations.
