September 30th, via a blog post SingularityNET announced its collaboration with Cardano to subsequently migrate some of its token from Ethereum. This move was discussed in-depth via a 90-minute dialogue between Charles Hoskinson, the Co-founder of Cardano and  Dr. Ben Goertzel, SingularityNET CEO at the Wyoming Blockchain Hackathon in Laramie. 

“The IOHK and SingularityNET platform teams have been seriously discussing what it would take to port a significant portion of the SingularityNET decentralized protocol and platform from Ethereum to Cardano. This would involve providing mechanisms for swapping some of the current (Ethereum-based) ERC-20 AGI tokens to Cardano-based AGI tokens, and also creating analogues of the Solidity smart contracts underlying aspects of the SingularityNET platform using Cardano’s new Plutus smart contract language.”

SingularityNET stated that the project’s “design has been largely blockchain-agnostic since the beginning, and there has been recurrent discussion of making the SingularityNET protocol multi-chain rather than reliant on a single blockchain”. The project’s innovation had been crippled by the scalability weakness and huge transaction fees on Ethereum. Even with the promise of a more scalable ETH2, there are still so many things that are “unclear”. SingularityNET is a decentralized marketplace for AI- a home for anyone who wants to create, create, share, and monetize AI services at scale and the first of its kind. The weakness of the Ethereum blockchain will only undermine the project’s potential. The SingularityNET community will discuss the part-migration when the time is right according to the release:

“Final decisions and details regarding porting of a portion of the SingularityNET network to Cardano have not yet been made and will be discussed in-depth with the SingularityNET community when the time is right.”

Goguen which is a smart contract layer of Cardano is in development and soon to launch. It is designed to allow applications to leverage a blockchain that is built to scale with millions of users and with a very low fee. When it launches it will allow “users from technical and non-technical backgrounds to create and execute functional smart contracts on the Cardano network” according to Cardano Roadmap. The team members at IOHK have set the ball rolling by launching Project Catalyst, through the contributions from the community, to plan on how to attract more users to the network either to migrate their D’Apps or create new ones.

For the Cardano developers and the community, the collaboration is a testament to the reality of what they had worked at and believed for so long. It seems that SingularityNET is only the first candidate to consider migration from Ethereum, there are many more to come. The community is eagerly waiting for the next set of developers and projects to migrate. Goguen is a masterpiece, only legends see it early.