SingularityNET is a decentralized AI marketplace that operates on blockchain technology. It was launched with the mission to develop Artificial General Intelligence (AGI) for a beneficial technological Singularity. The platform was created to address the need for a fair distribution of power, value, and technology in the global commons.
SingularityNET aims to create a foundation for the emergence of decentralized human-level intelligence, open-sourcing the creation of Artificial General Intelligence. It offers an ever-growing library of AI algorithms created by a community of service providers, allowing for the integration of AI services into various applications.
The platform also provides infrastructure for creating, editing, and managing AI services, as well as tools to launch these services to a global market. SingularityNET's technology is designed to allow AI agents to outsource work to each other dynamically, enhancing the agent reputation system.
The platform is also fostering an ecosystem of organizations that fuel the platform with AI services and create massive utilization of the AGIX token. SingularityNET's roadmap outlines the ongoing development of its core technologies and strategic projects.
How does SingularityNET work
SingularityNET operates as an open and decentralized network of AI services, made accessible through the blockchain. Developers can publish their services on the SingularityNET network, which can then be used by anyone with an internet connection. The platform facilitates trustless and automated transactions, publishes new AI services and organizations on the blockchain, tracks successful API calls, and defines pricing strategies.
The AI Marketplace offers a user-friendly interface that allows users to easily find, assess, and try out services registered on the platform. SingularityNET also provides an AI Publisher infrastructure that helps AI teams work better together by unifying AI services in one hub.
The platform's AI-DSL component enables separate narrow services to form ad-hoc workflow collaborations to fulfill more complex tasks than any single service would be capable of. SingularityNET's ecosystem includes a number of organizations that fuel the platform with AI services and create massive utilization of the AGIX token.
SingularityNET price and tokenomics
The maximum supply of AGIX tokens is 2,000,000,000, with an initial 1 billion AGIX minted on Ethereum and then an additional 1 billion AGIX minted on the Cardano blockchain. As of November 2023, the total circulating supply has reached 1,242,747,261, or 62% of total supply.
The token distribution is as follows: 50% for the token sale, 20% for the reward pool, 18% for the founders and team, 8% for the foundation, and 4% for the campaign and bounty. AGIX is used for transaction management and decentralized community governance within the SingularityNET platform. It also works across multiple chains like Cardano and Ethereum.
About the founder
SingularityNET was founded by Dr. Ben Goertzel, who also serves as the CEO and Chief Scientist of the company. Dr. Goertzel is a seasoned scientist and researcher with a deep understanding of artificial intelligence and its potential applications.
Under his leadership, SingularityNET has assembled a team of experienced engineers, scientists, and entrepreneurs. This diverse group works towards realizing AGI applications in various domains, including finance, robotics, biomedical AI, and the arts, reflecting Dr. Goertzel's expansive vision.
SingularityNET highlights
SingularityNET has made significant strides in the field of AI and blockchain technology. The platform has established partnerships with various entities in the AI industry, including exchanges, wallets, payment processors, and software developers. The platform has also launched a number of strategic projects as part of its roadmap, including the development of OpenCog Hyperon, AI-DSL, and the SingularityNET AI platform.
The recent collaboration with the Cardano community, involving a $500,000 USD funding for AI projects, illustrates the platform's ongoing growth and development. The Bridge feature further enhances the platform's flexibility, allowing token transfers across supported blockchains like Ethereum and Cardano.
SingularityNET's roadmap and ongoing projects like OpenCog Hyperon indicate a commitment to scalable, open-source general AI systems. The integration of various AI strategies and a shared knowledge metagraph (Atomspace) indicates the platform's approach to AI development.
Frequently Asked Questions about SingularityNET (AGIX)
- What is SingularityNET?
SingularityNET is a decentralized AI marketplace that operates on blockchain technology. It aims to create a foundation for the emergence of decentralized human-level intelligence, open-sourcing the creation of Artificial General Intelligence.
- What is the AGIX token?
AGIX is the native token of SingularityNET. It is used for transactions management and decentralized community governance within the SingularityNET platform. It also works across multiple chains like Cardano and Ethereum.
- How does SingularityNET's use of blockchain and cryptocurrency benefit AI development?
SingularityNET's integration of blockchain technology and the AGIX cryptocurrency ensures transparency and security in AI service transactions. This supports a more collaborative and accessible AI ecosystem, contributing to advancements in the field.
