What is SingularityNET (AGIX)?

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What is SingularityNET (AGIX)?

What is SingularityNET (AGIX)?

Summary

  • SingularityNET is an open and decentralised ecosystem that combines artificial intelligence and blockchain technology to create a global marketplace for AI services. The platform aims to democratise access to AI by allowing developers to publish their services to the Singularity network, which can then be accessed and utilised by others.

  • SingularityNET was founded in 2017 by Dr. Ben Goertzel and Dr. David Hanson to create a global ecosystem of decentralised AI services.

  • SingularityNET operates using four core technologies — AI platform, AI – Domain Specific Language (DSL), AGIX Token Tools and OpenCOg Hyperon.

  • AGIX is the native currency and gas token of the SingularityNET network, with a total supply of 2B tokens.

Table of Contents

Introduction

Artificial Intelligence (AI) and blockchain are two transformative technologies that have been gaining immense attention and adoption for the past few months.
While AI enables machines to learn, analyse data, and make decisions, blockchain technology provides a decentralised ledger where data can be stored securely, immutably and transparently.

In recent years, many projects have been introduced that use both blockchain and AI to improve efficiency, transparency, and trust. One project is SingularityNET, a next-generation decentralised ecosystem designed to make AI services easily accessible for anyone with an internet connection.

The blockchain-based platform was developed to democratise access to AI services by providing a decentralised marketplace where AI developers and users can interact. 

Simply put, SingularityNET facilitates the monetisation of AI services, leveraging its native currency AGIX. Notably, AGIX is the utility token used on the platform for transaction fees, payment for AI services and decentralised community governance.

Led by Dr. Ben Goertzel, the SingularityNET team is focused on expanding the AI and Artificial General Intelligence (AGI) frontier by building a decentralised network of beneficial AI services and enabling a fair distribution of value.

What is SingularityNET?

SingularityNET is an open and decentralised ecosystem that combines artificial intelligence and blockchain technology to create a global marketplace for AI services.
The platform aims to democratise access to AI by allowing developers to publish their services to the Singularity network, which can then be accessed and utilized by others.

By decentralising AI through blockchain technology, SingularityNET also aims to create a fair distribution of power, value and technology in the global commons.

According to the founders, the project’s core mission is to develop Artificial General Intelligence (AGI) for a beneficial, decentralised and inclusive digital economy.
This means that SingularityNET strives to create a foundation for the emergence of decentralised human-level intelligence while open-sourcing the creation of Artificial General Intelligence.

In other words, the world’s leading blockchain-based decentralised AI marketplace is focused on developing an AGI that is open to anyone and not controlled by any central authority such as governments, individuals or corporations.

Beyond facilitating the monetisation and access to AI services, users can get financed through SingularityNET’s DeepFunding initiative to develop their AI services, publish them on the platform’s AI marketplace and monetise their intellectual property while retaining ownership of their models.

Who are the founders of SingularityNET?

SingularityNET was founded in 2017 by Dr. Ben Goertzel and Dr. David Hanson with the aim of creating a global ecosystem of decentralised AI services. The project’s broader team comprises expert scientists, researchers, engineers, designers, entrepreneurs and technologists.

How Does SingularityNET Work?

At its core, SingularityNET is a decentralised network of AI services made accessible through the blockchain. The platform allows developers to publish their AI services to the SingularityNET network and deploy autonomous AI agents that interoperate with other services on the network.

Anyone with an internet connection can access these services provided they pay a stipulated fee using the native AGIX token, or with fiat currency via Paypal.

SingularityNET operates using four core technologies — AI platform, AI – Domain Specific Language (DSL), AGIX Token Tools and OpenCOg Hyperon.

The AI platform is the bedrock of SingularityNET, which performs the core functionalities such as facilitating trustless and automated transactions, publishing new AI services and organisations on the blockchain, tracking successful API calls and defining pricing strategies.

The AI platform comprises two sub-categories — AI Marketplace and AI Publisher.

• On one hand, the AI Publisher interface enables users to publish their AI services on the AI marketplace. Thus, the AI Publisher helps developers to reach more customers and monetise their AI services accordingly.

• On the other hand, the AI Marketplace allows users to access AI services registered on the SingularityNET platform.

AI-DSL is an upcoming component of SingularityNET that will enable separate AI services on the platform to collaborate and execute more complex tasks. Notably, OpenCog Hyperon is an open-sourced platform where different AI strategies and methods can collaborate.

When integrated into SingularityNET, OpenCOG Hyperon will make the leading AI marketplace more scalable, faster and flexible.

Meanwhile, SingularityNET depends on the AGIX Token Tools to ensure decentralised governance and interoperability. The so-called AGIX Token Tool comprises AGIX staking and SingularityNET Bridge.

The SingularityNET Bridge supports the ecosystem by enabling users to transfer their assets across supported blockchains, including Ethereum and Cardano. On the other hand, AGIX staking is a means through which SingularityNET incentivizes users.

What is AGIX and Where to Buy It?

AGIX is the native currency and gas token of SinguralityNET, with a total supply of 2B tokens. The utility token is mainly used for both transaction management across the platform and governance purposes within the ecosystem.

With AGIX, developers can monetise their AI services. Users make payments with the     token to access any registered AI services on SingularityNET. AGIX token works across multiple chains like Cardano and Ethereum. Accordingly, the multichain asset can be staked on the platform in 30-day sessions for rewards.

Following its rising adoption among market participants, AGIX has been listed on several centralised and decentralised crypto exchanges including BitDelta where it is available to trade as an AGIX/ USDT pair

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