The SingularityNET decentralized AI network offers AI developers, providers, and users a global market for AI services powered by blockchain technology. The network provides a platform for AI agents to interact with each other and with users, allowing them to collaborate, share data, and create new AI applications.
Harnessing the potential of blockchain technology, SingularityNET serves as a leading global decentralized AI marketplace. The project aims to drive advancement of Artificial General Intelligence (AGI) to foster a positive and transformative technological Singularity.
SingularityNET offers developers a range of tools and resources, including APIs, SDKs, and tutorials, to make creating and deploying AI agents on the network easy. The network also provides a marketplace where users can browse and purchase AI services from various providers.
The SingularityNET network is powered by AGIX, a cryptocurrency that facilitates transactions between AI agents and users on the network. $AGIX tokens can be used to purchase AI services or to stake on the network to participate in the governance and decision-making processes.
SingularityNET aims to create a collaborative and open AI development and deployment ecosystem. Developed on the Ethereum blockchain, SingularityNET leverages smart contracts to automate the interactions between AI agents and users on the network. It also uses the InterPlanetary File System (IPFS) to store and share data in a decentralized manner.
AI developers can create and deploy AI agents on the SingularityNET platform using a variety of programming languages, tools, and frameworks. These agents can be trained on specific datasets and programmed to perform tasks like natural language processing, computer vision, or prediction modeling.
This innovative platform enables developers to publish their AI services on the SingularityNET network, making them readily available to anyone with internet access. SingularityNET offers various services, including inference and model training across numerous domains, such as image processing, video analysis, speech recognition, natural language processing, time-series forecasting, bio-AI, and network analysis.
These services can range from simple implementations of well-known algorithms to comprehensive end-to-end solutions for industry-specific challenges or even standalone AI applications. Furthermore, developers can deploy autonomous AI agents that can interact and collaborate with other services within the network, fostering a dynamic and interconnected AI ecosystem.
Users can access AI services on the SingularityNET network by purchasing them using AGIX tokens. $AGIX holders can also stake their tokens on the network to participate in the governance and decision-making processes of the platform.
SingularityNET was founded in 2017 by Dr. Ben Goertzel and Dr. David Hanson to create a decentralized marketplace for AI services that would be accessible to everyone. In 2018, the project raised $36 million in an initial coin offering (ICO), which allowed it to expand its team and accelerate its development efforts. The same year, the project also launched its beta version, which allowed developers to create and deploy AI agents on the network.
In 2019, SingularityNET announced partnerships with several major companies, including Huawei and Ping An Insurance, to explore the potential of AI and blockchain technologies in various industries. The project also launched several new initiatives, such as the SingularityDAO, which aims to provide decentralized governance for the SingularityNET ecosystem.
In 2020, SingularityNET launched a new version of its platform, introducing several new features and improvements, such as enhanced scalability and interoperability. The project also launched the OpenCog Network to create a collaborative AGI (Artificial General Intelligence) research platform.
Key developments through 2022 include announcing the Layer-2 sidechain on Cardano, launching the MeTTa programming language, mobilizing the Cogito Tracer project, AGIX-ADA converter bridge launch, loyalty rewards, and more. In 2023, the SingularityNET developers will focus on critical upgrades, such as SNET AI service Jama Galaxy launch, platform voting on Cardano, SingularityNET staking on Cardano, and more.
The $AGIX crypto from SingularityNET may be an interesting inclusion to your cryptocurrency portfolio, mainly if you aim to stay current with trends and incorporate AI-driven crypto projects. Being a token of an AI-powered blockchain platform, the AGIX value has the potential to grow as interest in this industry segment escalates.
The SingularityNET price may increase further as the development team introduces enhancements that enhance the blockchain's capabilities and appeal for usage. These advancements encompass network improvements, collaborations, integrations, and investments, all crucial in elevating the AGIX price statistics.
Market sentiment can also influence the price of SingularityNET. A positive attitude among investors towards digital assets may lead to heightened buying activity, subsequently pushing the AGIX token price higher in the market.
Although providing a precise AGIX price prediction for any time frame is unattainable, you can observe various fundamental factors that offer a deeper understanding of this token’s price movements and volatility. These include:
As more developers and end-users start utilizing the SingularityNET platform and its applications, the heightened on-chain activity may raise the demand for and value of AGIX cryptocurrency. This activity could also enhance investor confidence in the token, prompting more investors to hold $AGIX in their portfolios.
When developers roll out new features that enhance SingularityNET’s capabilities and render it a more appealing project for utilization or investment, the AGIX token price experiences an uplift. The value of SingularityNET crypto may also experience a surge when the team reveals new collaborations and investments in their project.
Market sentiment plays a crucial role in shaping price trends for AGIX coin. A risk-on attitude among global investors stimulates buying activity in the crypto market, bolstering the SingularityNET price. Conversely, a bearish or risk-averse sentiment initiates sell-offs that could diminish the AGIX price in the market.
$AGIX is the native cryptocurrency of the SingularityNET ecosystem and has the following critical use cases:
Customers use AGIX to pay for AI services purchased on the SingularityNET network. AI agents receive $AGIX for the services they offer via the platform.
$AGIX holders can stake their tokens to agents and contribute to improving their stake-rank. Agents with a higher stake-rank and reputation-rank potentially earn higher rewards. A portion of their earnings is distributed among the stakers, allowing them to earn passive income by putting their AGIX tokens to work.
$AGIX holders can also participate in the decentralized governance mechanism of the SingularityNET platform. They can vote on proposals via the SingularityDAO concerning the project’s future evolution.
Trade SingularityNET token against other crypto assets to profit from changing market conditions and volatility. You can buy or sell AGIX on KuCoin Spot Market or hold it long-term if you believe in the project’s potential. Remember, it is essential to DYOR before trading any crypto asset due to its high volatility and unpredictability levels.
KuCoin lets you generate passive income on your AGIX holdings through our Crypto Lending service. Head here to lend liquidity in AGIX to our platform and earn daily interest over seven days, 14 days, or 28 days.
Here’s how to stake $AGIX and earn rewards:
1. Visit the Staking section of the SingularityNET platform and sign up for an account if you don’t already have one.
2. Connect your crypto wallet to the app after ensuring you have sufficient tokens for staking. You can buy $AGIX on KuCoin or other supported platforms and withdraw your tokens to your wallet.
3. Submit a request for staking AGIX via the SingularityNET dApp. You can vest them for 30 days and then withdraw or continue your staking sessions.
4. Enter the number of AGIX tokens for staking, and check the current pool size, reward pool, and reward amount before confirming the transaction in your wallet.
5. Sit back, earn rewards, and grow your crypto portfolio by staking AGIX on SingularityNET.
SingularityNET has partnered with Cardano, Hanson Robotics, Ocean Protocol, Swae, and Toda.Network. According to external sources, investors in SingularityNET include LDA Capital and Alpha Sigma Capital.