Intellistake Hits Milestone with 1 Million FET Third-Party Stake on Its Validator

13h ago

Intellistake Technologies Corp. (OTC: $ISTKF) said Monday that an external token holder has staked 1 million FET (CRYPTO: $FET) tokens on the company’s validator node, marking the first third-party delegation to its infrastructure within the ASI Alliance ecosystem.

The ASI Alliance, which includes the FET token and the Fetch.ai blockchain, is designed to support decentralized artificial-intelligence and agent-based networks. Intellistake said that its validator node earns staking rewards of approximately 5-8% annual percentage rate (APR) on tokens it stakes directly, and it also earns an 8% service fee on rewards generated by third-party delegators.

In its press release, the company said the delegation confirms that its blockchain infrastructure is live and trusted by external ecosystem participants. “This milestone underscores our ability to capture dual returns, both from validator operations and from external staking activity,” said Jason Dussault, CEO of Intellistake.

The company emphasised that validator operations are a key component of its strategy to build decentralized-AI infrastructure, asserting that the combination of on-chain network services and enterprise AI initiatives creates a unique value proposition. With the live node now attracting third-party capital, Intellistake expects revenue diversification away from solely internal staking.

The development positions the company among early public-market players facilitating AI-native staking and decentralized infrastructure services.

Shares of Intellistake Technologies Corp. (ISTKF) are trading at US$1.81, up 9.70 percent today.

577

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.