Crypto tokens related to artificial intelligence (AI) surged after Tesla and SpaceX CEO Elon Musk on Wednesday unveiled a new AI company called xAI. SingularityNET (AGIX) rose 11% and Fetch.ai (FET) climbed about 7% over the past 24 hours. According to the company website, the team will be led by Musk and includes members that have previously worked at DeepMind, OpenAI, Google Research, Microsoft Research, Tesla, and the University of Toronto. xAI will be a separate entity from Musk’s X Corp., but the company said it will work closely with his other companies.
Merchants on messaging app Telegram are now able to accept payments in cryptocurrency as services provider Wallet expands beyond its chat-centric payments mechanism. Wallet, which is built on The Open Network (TON) blockchain, already allows crypto transfers between users in chats. Now it’s letting merchants integrate cryptocurrency into the bots they use to accept payments, allowing for payment for goods and services using tether (USDT), bitcoin (BTC) and toncoin (TON).
A group of Polygon founders and researchers proposed a token upgrade that would replace the network’s MATIC token with POL. The move would allow POL to function as a single token for all Polygon-based networks, including the main Polygon blockchain, the Polygon zkEVM network, and various supernets. The proposal lifted MATIC as much as 2.6% to $0.747 in the first three minutes after the announcement. If the proposal is accepted, network validators will be able to support the operation of multiple chains using a single token.
"AI Crypto Tokens Surge After Elon Musk Unveils xAI Company" – the news of Elon Musk’s new AI company, xAI, sent crypto tokens related to artificial intelligence (AI) soaring. SingularityNET (AGIX) and Fetch.ai (FET) both saw double-digit gains in the 24 hours following the announcement. Additionally, merchants on messaging app Telegram are now able to accept payments in cryptocurrency, and a group of Polygon founders and researchers proposed a token upgrade that would replace the network’s MATIC token with POL.