SingularityNET is a blockchain protocol that allows users to create, distribute, and market AI-related services. It is essentially a decentralized marketplace for AI products that was made public in 2017.
Artificial intelligence spans a wide range of areas, including home automation, machine learning, and internet of things (IoT), among others.
In the ecosystem, users can purchase a variety of AI-powered goods through the SingularityNET marketplace. They can also test and browse the offered services before making their final purchase, which can be done using (AGIX), the native currency of the platform.
Developers and AI programmers can also sell their tools and track how they are accepted in the AI-as-a-Service (AaaS) marketplace, which is accessible from anywhere in the world.
The platform is the first to create the world’s most expressive robot known as Sophia, which is still undergoing training to become more sentient to learn and comprehend human language. The protocol aspires to achieve a point in AI when the knowledge acquired and gained is at the level of human comprehension. The term for this is “Advanced General Intelligence.”
SingularityNET is the only blockchain-based platform that allows AI to coordinate and collaborate at scale. This protocol recognizes that the world is fast-changing and that the future will be heavily reliant on automation.
On December 30th, the site officially completed an Initial Coin Offering, raising over $33 million in a short period.
Who are the Founders of SingularityNET (AGIX)?
SingularityNET was created by Dr. Ben Goertzel, who is also the organization’s acting CEO and Chief Scientist.
It was co-founded by Dr. David Hanson and Mr. Simeon Giacomelli.
Dr. Goertzel is an Artificial Intelligence veteran who is well-known in the AI and Robotics industries. He has collaborated with high-tech firms such as the OpenCog Foundation and Hansel Robotics. He is also the chief scientist for Mozi Healths and an active vice chairman for Humanity+.
Dr. Dabid Hanson has also worked in the robotic industry for a long time and has garnered experience with multiple projects. He worked for Disney for three years and is the single creator of various fast-growing robotic firms such as Initiative for Awakening Machines, Human Emulation Robotics, and others.
Mr. Simon Giacomelli, although leaving SingularityNET, was an important element of the company. He is an investor and a seasoned entrepreneur who previously worked for a crypto consulting business.
What is SingularityNET (AGIX) Used For?
The platform’s primary purpose is to allow those working in the AI Industry to sell, promote, and monetize their Artificial Intelligence skill sets and services. It functions as an AI marketplace where persons interested in establishing business may do so safely and securely.
While members and participants may buy Artificial Intelligence services and goods, developers and creative persons can design and sell new tools that will benefit the community.
SingularityNET also aspires to enhance robotics by always seeking to upgrade its robots to more human and sophisticated levels. The business intends to develop robots and AI that will not require any assistance from humans.
What is the Unique Point of SingularityNET (AGIX)?
SingularityNET most distinguishing feature is that it is the first platform to streamline the process of AI developers and manufacturers selling their Artificial Intelligence tools, libraries, and solutions.
The platform also considers buyers because it allows them to thoroughly test any AI technology they are interested in to determine whether it suits their demands.
What distinguishes this platform is that if buyers do not discover the specific tool they are searching for or the specific tool to meet their goal, they may request an AI Portal (RFAI-) by locating the SingularityNET’s enormous community. This allows clients to quickly place a commission on a new Artificial Intelligence tool.
How Many SingularityNET (AGIX) Tokens are in Circulation?
SingularityNET (AGIX) tokens have a circulating supply of 1,050,650, 790 AGIX tokens, with a maximum supply of 2,000,000,000 AGIX tokens.
Is the Singularity BET (AGIX) Network Secured?
For the Net version of the platform, the SingularityNET formerly ran on the Kovan and Ropsten networks (Alpha and Beta test).
It was then moved to the Ethereum network, which has adequate encryption methods to keep undesired third parties out.
However, on May 31st, the team announced that they will be examining a new chain as well as exploring new developments.
Although not as popular as Ethereum, Cardano is a good network with top-notch protocols put in place to counter malicious attacks. The network runs on a specifically designed delegated proof-of-stake (dPoS) consensus that allows tokens to be transferred rapidly while ensuring the smart contract’s safety and maximum security at all times.
How do I buy SingularityNET Token (AGIX)?
AGIX is available in many exchanges including:
- Uniswap (V2)
Which Cryptocurrency Wallet Supports SingularityNET Token (AGIX)?
The PTPWallet platform supports many cryptocurrencies simultaneously such as the SingularityNET token (AGIX). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their AGIX wallet because it offers a simple and interactive interface making it easy for people to navigate its system.