What Is SingularityNET (AGIX)?
SingularityNET is a blockchain-powered platform that permits anyone to simply “create, share, and monetize” AI companies, because of its globally-accessible AI market.
By means of the SingularityNET market, customers can browse, check and buy an enormous number of AI companies utilizing the platform’s native utility token — AGIX. Furthermore, {the marketplace} represents an outlet AI builders can use to publish and promote their AI instruments, and simply observe their efficiency.
The crew behind SingularityNET pioneered the event of an AI referred to as Sophia, which is described because the “world’s most expressive robotic”. SingularityNET’s objective is to allow Sophia to have the ability to totally perceive human language, and proceed creating “OpenCog” — an AI framework that’s hoped to finally obtain a state referred to as “superior normal intelligence,” i.e. human-level synthetic intelligence (or past).
The platform was first introduced in 2017 and accomplished an preliminary coin providing (ICO) in December the identical 12 months, elevating $36 million in only one minute.
Who Are the Founders of SingularityNET?
SingularityNET has an in depth crew largely of AI scientists, builders, researchers and engineers.
It was based by Dr. Ben Goertzel (SingularityNET’s CEO and chief scientist) along with Simone Giacomelli and Dr. David Hanson.
Dr. Ben Goertzel is a longtime determine within the AI and robotics business and has a protracted distinguished observe report of working with superior know-how corporations — together with Hanson Robotics and the OpenCog Basis. He additionally works as Mozi Well being’s chief scientist and vice chairman for Humanity+.
Simone Giacomelli is an entrepreneur and investor that beforehand labored for crypto consultancy Cryptodex. He left the SingularityNET challenge in March 2019 and is now centered on the know-how R&D lab Vulpem, which he based in 2015.
Dr. David Hanson is SingularityNET’s third co-founder. He has a protracted and various historical past within the robotics business, working with Disney between 1998 and 2001 earlier than founding a number of robotics startups — together with Human Emulation Robotics, Initiative for Awakening Machines and Hanson Robotics over the past twenty years.
What Makes SingularityNET Distinctive?
SingularityNET is the primary platform that makes it simple for builders to promote their AI instruments and libraries and permits consumers to check any AI service offered on {the marketplace} to see if it meets their wants earlier than making cost.
On prime of this, these in want of particular AI companies may also faucet SingularityNET’s in depth neighborhood of AI specialists by way of the Request for AI portal (RFAI) — which permits clients to simply fee a brand new AI software, whereas builders can earn AGIX tokens by filling these requests.
The utility of the AGIX token has advanced with the event of the SingularityNET ecosystem. In October 2020, SingularityNET launched its SingularityNET Enhancement Proposal (SNEP) function, enabling AGIX holders to vote on modifications to the community’s operations. Whereas in March 2020, a staking function was added, enabling customers to stake their tokens
In a collaboration with Hanson Robotics, SingularityNET lately launched a three way partnership referred to as Awakening Well being, which develops merchandise that leverage AI for healthcare functions. Its first product is Grace, a humanoid assistant for the healthcare business.
Associated Pages:
Test our Rarible (RARI) — a decentralized market for non-fungible tokens.
Take a look at Uniswap (UNI) — the governance token for the Uniswap decentralized change.
Study decentralized change (DEXs) with CoinMarketCap Alexandria.
Meet the CoinMarketCap weblog — your supply for crypto insights, updates, and bulletins.
How Many SingularityNET (AGIX) Cash Are There in Circulation?
As of February 2021, a complete of 861.5 million AGIX tokens representing 86% of the whole provide have been in circulation. As such, AGIX could be thought-about largely diluted.
Half (50%) of the whole AGIX provide was offered throughout SingularityNET’s 2017 ICO. Past this 20% was reserved for early developer and companion incentives, 18% for the core crew members (now totally vested), 8% for the SingularityNET basis for the long-term improvement of the platform, whereas the final 4% was reserved for safety bounties.
How Is SingularityNET Community Secured?
AGIX is an ERC-20 token.
This implies it’s backed by the Ethereum proof-of-work (PoW) consensus algorithm and battle-tested community of tens of 1000’s of nodes and miners. To this point, the Ethereum community has by no means been efficiently attacked and is taken into account one of the crucial safe networks at the moment working.
The crew behind SingularityNET has hinted that SingularityNET might transfer to a different blockchain sooner or later, and lately introduced it was exploring the opportunity of launching on the delegated proof-of-stake (dPoS) Cardano blockchain.
The place Can You Purchase SingularityNET (AGIX)?
The AGIX token is out there to commerce on a number of distinguished change platforms, together with Binance, KuCoin, and HitBTC. It is also out there on two of the preferred DEXs — Uniswap and Balancer. At the moment, the one out there buying and selling pairs for AGIX are AGIX/BTC, AGIX/ETH, and AGIX/WETH.
It’s not at the moment doable to buy AGIX straight together with your credit score or debit card from any of those change platforms, however you might be able to purchase Bitcoin (BTC) first, after which change this for AGIX. Right here’s how.
