Wormhole Partners With AMD to Advance ZK Technology

Daily Top Performer — SingularityNet (AGIX)

The SPX index is up 0.13%, the Federal Reserve's cautious stance on rate cuts due to persistent inflation and recent economic data have investors anticipating upcoming jobless claims, home sales data, and earnings from several key companies. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 2.00% and 2.19%, respectively in the past 24 hours.

Today’s outperformer is AGIX, which jumped 20.7% following release of blog for advancing AI with knowledge graphs towards artificial general intelligence.

SingularityNet (AGIX), founded on 2017, aims to create a decentralized AI marketplace through blockchain, focusing on open-sourcing AGI for equitable power distribution and technological advancement, envisioning a more compassionate and sustainable future. Knowledge Graphs (KGs) are highlighted as superior to Relational Databases (RDs) in advancing AI towards Artificial General Intelligence (AGI). KGs allow for a more nuanced representation of interconnected data, enhancing contextual understanding and inference capabilities crucial for AGI development. They facilitate the integration of AI/AGI algorithms by mimicking human cognitive processes, offering advantages over RDs, which manage structured data within predefined relationships. SingularityNET's long-term focus on KGs underscores their potential to address current AI limitations and enable advanced reasoning and cognition, marking a significant step towards achieving AGI.

Check Out the Latest Prices, Charts, and Data of AGIXUSDT Perp and AGIX/USDT Spot!

Talk of the Town:

Wormhole, the leading bridging protocol for Solana, has announced a partnership with AMD to advance its zero-knowledge (ZK) roadmap. AMD will supply Wormhole with advanced FPGA hardware accelerators, such as the Alveo U55C and U250, to enhance ZK proof generation. This collaboration aims to meet the growing need for specialized hardware in decentralized computing, improving the speed and scalability of multichain applications within the Wormhole ecosystem. Additionally, the partnership will develop zero-knowledge light clients for cross-chain messaging across over 30 blockchain networks. Wormhole's initiative to move towards a trust-minimized model using ZK proofs seeks to reduce reliance on centralized node operators and strengthen security for multichain applications and users.