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SingularityNET and SingularityDAO signed an agreement for $25 million with global investment group LDA Capital Limited to adopt AI tools, accelerate product roadmap, support decentralized AI growth, and scale the ecosystem, Invezz learned from a press release.
Global AI market to reach $126b in 2025
The DeFi market is currently valued at $174 billion, while the global AI software market is expected to reach around $126 billion by 2025 following exponential growth. AI is deeply connected to conventional tech and finance, while the SNET Ecosystem is at the helm of bringing AI to DeFi and blockchain.
SingularityDAO DynaSets protect against bear runs
Bringing AI and machine learning to crypto presents a great chance to improve the relevance and quality of DeFi services. SingularityDAO’s Vaults’ (DynaSets) recent performance has shown them to be a failsafe solution to bear markets.
Anthony Romano, Managing Partner of LDA Capital Ltd., commented:
LDA Capital are excited by the advancements in both AI and DeFi shown by the SNET ecosystem and along with the commitment, LDA will be providing strategic advice and support to allow SingularityNET and SingularityDAO to continue to grow their position as industry leaders.
Mario Casiraghi, Co-Founder of SingularityDAO and SingularityNET, added:
SingularityNET and SingularityDAO believe the agreement with LDA Capital will benefit both companies and help them consolidate their leadership in Decentralized AI and Decentralized Finance. The support of pioneering institutional partners such as LDA brings further validation to our vision, strategy and technology.
About SingularityDAO
SingularityDAO is a community-governed DeFi protocol giving clients access to top-grade portfolio management tools. They are committed to user-friendly delivery of these high level tools.
About SingularityNET
SingularityNET is the only decentralized platform that enables AI to coordinate and cooperate at scale, doing away with the lack of interoperability, which heavily restricts the ability to use the capacity and strengths of individual AIs.
About LDA Capital Ltd.
LDA Capital is a global investment group with experience in cross border transactions all over the world. It has executed hundreds of transactions with a total value exceeding $10 billion in private and public middle markets in 43 countries.