Article Summary, Automatically Generated By AI
About SingularityNET
Key Points
- SingularityNET is a blockchain-powered platform for creating, sharing, and monetizing AI services.
- The platform allows users to browse, test, and purchase AI services using the native utility token AGIX.
- SingularityNET aims to integrate Knowledge Graphs and Neural Symbolic tools for LLMs to empower developers to create next-generation AI systems.
- The platform was founded by Dr. Ben Goertzel, Simone Giacomelli, and Dr. David Hanson.
- SingularityNET raised $36 million in an ICO in 2017.
- As of February 2021, 861.5 million AGIX tokens (86% of the total
About SingularityNET: Pioneering the Future of Artificial Intelligence
Introducing SingularityNET (AGIX): The Pioneering AI-Driven Blockchain Ecosystem
SingularityNET is a blockchain-powered platform that enables anyone to effortlessly create, share, and monetize AI services, courtesy of its globally accessible AI marketplace.
Through the SingularityNET marketplace, users can peruse, evaluate, and acquire a vast array of AI services utilizing the platform’s native utility token, AGIX. Furthermore, the marketplace serves as a conduit for AI developers to publish and monetize their AI tools, while effortlessly monitoring their performance.
As the benefits of Large Language Models (LLMs) and generative AI continue to captivate, their limitations are simultaneously coming into sharper focus. The synergistic fusion of structured knowledge with neural networks is emerging as the pivotal solution to mitigating their shortcomings.
SingularityNET occupies a unique position at the nexus of this convergence, poised to spearhead the seamless integration of Knowledge Graphs (KGs) and cutting-edge Neural Symbolic tools for Large Language Models (LLMs), thereby empowering developers to craft the next generation of AI systems on the SingularityNET Platform.
SingularityNET is poised to assume the pivotal role of the Knowledge Layer of the Internet, spearheading the evolution of the burgeoning AI landscape while laying the groundwork for the advent of Artificial General Intelligence (AGI) in the future.
The visionary team behind SingularityNET has been instrumental in the development of Sophia, the “world’s most expressive robot”, renowned for its unparalleled human-like interactions. The ultimate goal of SingularityNET is to empower Sophia with the ability to comprehend human language with utmost precision, while continuously advancing “OpenCog”, a cutting-edge AI framework poised to achieve the pinnacle of “advanced general intelligence”, thereby rivaling human-level artificial intelligence or even surpassing it.
The platform was first unveiled in 2017, and subsequently, it successfully concluded an initial coin offering (ICO) in December of the same year, garnering a staggering $36 million in a mere 60 seconds.
The Visionary Founders Behind SingularityNET
SingularityNET boasts a diverse and accomplished team comprising esteemed AI scientists, skilled developers, innovative researchers, and seasoned engineers.
Founded by the esteemed Dr. Ben Goertzel, CEO and chief scientist of SingularityNET, in collaboration with Simone Giacomelli and Dr. David Hanson, this entity came into being.
Dr. Ben Goertzel is a renowned luminary in the AI and robotics sphere, boasting a storied career marked by collaborations with cutting-edge technology companies, including Hanson Robotics and the OpenCog Foundation. Additionally, he serves as chief scientist and vice chairman at Mozi Health and Humanity+, respectively.
Simone Giacomelli, a seasoned entrepreneur and investor, boasts a storied past, having previously been affiliated with esteemed crypto consultancy, Cryptodex. Following his departure from the SingularityNET project in March 2019, Giacomelli has since dedicated his efforts to Vulpem, a cutting-edge technology R&D lab that he founded in 2015.
Dr. David Hanson, SingularityNET’s esteemed third co-founder, boasts a rich and diverse background in the robotics industry. His impressive trajectory includes a stint at Disney from 1998 to 2001, followed by the successful establishment of several robotics startups, notably Human Emulation Robotics, Initiative for Awakening Machines, and Hanson Robotics, over the past two decades.
Unveiling the Unparalleled SingularityNET: A Revolutionary AI Ecosystem
SingularityNET pioneers a novel approach, offering a unique platform where developers can seamlessly monetize their AI tools and libraries, while empowering buyers to rigorously test any AI service listed on the marketplace, ensuring a precise fit for their needs, prior to making a payment.
Beyond this, individuals requiring bespoke AI solutions can leverage SingularityNET’s vast network of AI experts via the Request for AI portal (RFAI), which enables clients to seamlessly commission custom AI tools, while developers can earn AGIX tokens by fulfilling these requests.
The AGIX token’s utility has undergone significant evolution in tandem with the development of the SingularityNET ecosystem. Notably, in October 2020, SingularityNET introduced its innovative SingularityNET Enhancement Proposal (SNEP) feature, empowering AGIX holders to exercise their voting rights on proposed changes to the network’s operational framework. Furthermore, in March 2020, a staking feature was successfully integrated, thereby enabling users to stake their tokens and participate in the validation process.
In a groundbreaking partnership with Hanson Robotics, SingularityNET has unveiled a pioneering joint venture, Awakening Health, dedicated to harnessing the power of artificial intelligence for healthcare innovation. The inaugural product of this collaboration is Grace, a revolutionary humanoid assistant designed to transform the healthcare industry.
What Is the Circulating Supply of SingularityNET (AGIX) Coins?
As of February 2021, a staggering 861.5 million AGIX tokens, accounting for a substantial 86% of the total supply, were in circulation, thereby rendering AGIX largely diluted.
Half (50%) of the total AGIX supply was allocated to the 2017 ICO, with an additional 20% set aside for early developer and partner incentives. A further 18% was designated for core team members, now fully vested. The SingularityNET foundation retained 8% for the long-term development of the platform, while the remaining 4% was earmarked for security bounties.
The Security Paradigm of SingularityNET: A Robust Network Infrastructure
AGIX is a cutting-edge ERC-20 token, built upon the robust Ethereum blockchain infrastructure.
This is underscored by its reliance on the Ethereum proof-of-stake (PoS) consensus algorithm, which is reinforced by a battle-hardened network of validators. Notably, the Ethereum network has maintained an impeccable record, having never succumbed to a successful attack, and is widely regarded as one of the most secure operational networks in the industry.
The team behind SingularityNET has intimated that a potential migration to an alternative blockchain may be on the horizon, with a recent announcement revealing that they are actively exploring the possibility of launching on the delegated proof-of-stake (dPoS) Cardano blockchain.
Where to Acquire SingularityNET (AGIX): A Comprehensive Guide
The AGIX token is listed on a multitude of esteemed exchange platforms, notably Binance, KuCoin, and HitBTC, as well as on two of the most prominent decentralized exchanges (DEXs) — Uniswap and Balancer. Presently, the available trading pairs for AGIX are limited to AGIX/BTC, AGIX/ETH, and AGIX/WETH.
Currently, it is not feasible to acquire AGIX directly using a credit or debit card through any of these exchange platforms. However, you can consider an alternative approach: purchase Bitcoin (BTC) initially, and subsequently exchange it for AGIX. Here’s a step-by-step guide to facilitate this process.
Associated Resources:
Discover Rarible (RARI), a pioneering decentralized marketplace dedicated to the creation, buying, and selling of unique non-fungible tokens.
Discover Uniswap (UNI), the governance token powering the Uniswap decentralized exchange, a pioneering platform that’s revolutionizing the digital asset trading landscape.
Delve into the realm of decentralized exchanges (DEXs) with CoinMarketCap Alexandria, your premier guide to the world of cryptocurrency.
Introducing the CoinMarketCap blog, your premier destination for in-depth crypto insights, timely updates, and official announcements.