SingularityNET Foundation Migrates to Switzerland's Crypto Valley

Relocation to Crypto Valley

SingularityNET, the decentralized AI marketplace built on the Cardano blockchain, has recently transferred its foundation to Geneva, Switzerland. The strategic move to the heart of the 'Crypto Valley' positions the company to further its development goals and expand its presence in Europe.

Embracing Web3 Vision

Ben Goertzel, the CEO of SingularityNET, has expressed that the relocation is in tune with their Web3 vision, emphasizing a decentralized, transparent, and democratic approach to innovation. Switzerland's favorable infrastructure and regulatory environment for Web3 projects make it an ideal location for the foundation.

Switzerland's Crypto Ecosystem

Switzerland and Liechtenstein's combined crypto projects valuation has soared to $383 billion, with native blockchain platforms like Ethereum, Solana, and Cardano contributing significantly to this remarkable growth. Despite a drop in venture capital funding, Switzerland continues to be a magnet for Web3 venture capital, attracting about 5% of the global funding.