
SingularityNET Bridge allows users to transfer tokens from one chain to another.
Vendor
SingularityNET
Company Website

SingularityNet Bridge allows users to transfer their tokens across supported blockchains. Currently, it supports ASI token (FET), AGIX, NTX, RJV, CGV, and WMT tokens on Ethereum and Cardano. A key aspect of the Phase Two Proposal was to allow 1-to-1 swapping of AGIX tokens across Ethereum and Cardano chains. Since then we have also launched the NTX token which exists on both Ethereum and Cardano chains. The bridge enables seamless conversion of both the AGIX and NTX tokens across these chains and was built in close collaboration with Input Output Global (IOG). SingularityNET bridge allows anyone to move AGIX-ETH tokens from their Ethereum wallet into AGIX-ADA tokens in their Cardano wallet or vice versa (or NTX-ETH and NTX-ADA, etc). When converting tokens from Ethereum to Cardano the bridge will burn the Ethereum-based tokens in a smart contract, and an equal amount of new tokens will be minted on Cardano. When moving back from Cardano to Ethereum, the AGIX-ADA tokens will get burned and the same amount of AGIX-ETH tokens will be minted on the Ethereum side, available for the user to claim.