SingularityNET is an AI solution based on the decentralized blockchain platform. The SingularityNET network lets you create, share and monetize the AI based services at very large scale. It is dubbed as The Global AI network. Anyone in the world can take advantage of AI services, agents, and algorithms using the SingularityNET global network.
SingularityNET services provide the extensive scientific research which is useful in the projects that require large datasets to build something. And SingularityNET provides exactly that. They are also building a marketplace for the AI services that will benefit the developers all around the world. SingularityNET is the team behind the human-robot Sophia. Sophia was granted the Saudi Arabian citizenship earlier this year.
The use case for this type of service is required for it to be successful on a global scale. There are many use cases for this type of service.
Cloud Robotics – in the field of scientific development cloud robotics is one of the important things which use cloud computing infused with the robotics principles and make the robotic research possible through it.
Biomedical Research – Biomedical research is the most important field today. To develop the new vaccine or the new treatment for a disease, researchers need to process tens of thousands of datasets at once which is not possible with normal computing. So AI based services are very easy to work with these datasets.
Cybersecurity – Nowadays Cybersecurity is the concern for everyone. Privacy is a huge issue for users with AI solutions this can be resolved. Many cybersecurity services can be launched with the help of AI.
How SingularityNET Works?
In the SingularityNET marketplace, the developers of various AI services can lend their tools and services for the AGI tokens. This can be simply achieved by APIs provided by SingularityNET to integrate the AI service with smart contracts. AI services such as image processing and language processing can be integrated with smart contracts using SingularityNET APIs.
The SingularityNET platform has agents whose work is to execute the smart contracts for the users. The SingularityNET network is consist of these agent nodes and these agents rank each other on a scale of 0 to 1. If an agent is doing his work properly and sends the payment after completing the task their ranking can assume 1. It is not necessary to give ranking to each other and this ranking process can also be automated. This ranking system of agents is dependent on these three factors.
- AGI Token Staking
- Benefit Ranking
- External Validation
The vision for the SingularityNET team is built complex networks of carefully crafted AI services which can self-organize and all of this will be built using the resources form OpenFog Foundation. Their humanoid Sophia is built on these principles and they want to give these powers to all developers to build something like that. Sophia is a very sophisticated robot which uses the combination of many AI services such as natural language processing and Physical motor controls.
ICO and token
SingularityNET ICO was started on 21 Dec and ended on 22 Dec. It was priced at $0.10 USD and they set the hard cap of $32 million USD. The AGI token is based on the Ethereum platform and it is an ERC20 type token. Total of 1 billion tokens was created and 50% of them were available for sale during the ICO. 20% tokens were kept for the rewards pool.
They only accepted Ethereum as the payment for their tokens during the ICO. Now you can exchange the AGI tokens for BTC, ETH or USD and you can also use your fiat currency to trade the AGI.
Team of SingularityNET
The team of SingularityNET consist of many scientists and AI developers. They have more than 60 members on the team. The 50+ members of the team have extensive work experience as the AI developers and blockchain experts. They have more than 10 Ph.D. professionals in the team. Dr. Ben Goertzel is the leader of the team and officially he is also the CEO of the company. Dr. David Hanson of the Hanson Robotics serves as the Lead of Robotics.
The Most famous invention of Hanson Robotics is the humanoid Sophia. Sophia is the most expressive Robot on the planet and she is also a part of the team of SingularityNET. The team of SingularityNET has vast experience in the field of Robotics, AI, and blockchain technology. Cassio Pennachin serves as the Chief AI officer of the company.
The current pricing of the SingularityNET is at $0.11 USD with the trading volume of $2.7 million USD in the last 24 hours. The circulating supply of tokens is around 539 million. To buy any service from the SingularityNET platform users need to purchase AGI tokens. Trading volume of last 24 hours shows that there are a fair amount of users are buying and selling the AGI tokens which means there are a fair amount of users are using the SingularityNET platform.
The current market cap of the SingularityNET is $62 million USD which is good but not significant as it should be. The value of the project is much more than that. In the coming years, AI will be an important tool for everyone and we all will depend on AI for our daily tasks. So it’s safe to assume that SingularityNET platform will become one the pioneers in the field of AI technology.
They have planned many updates to their platform until the release of the mainnet of their platform. dApps and AI marketplace are in the alpha phase of the development and the Beta versions will releasing soon.
SingularityNET has an official GitHub profile where you can find all the development related information and the code of SingularityNET itself. They are also available on Facebook, Twitter, and LinkedIn where they are pretty active and they respond to every query any user throw at them. So finding the details about their project is very easy by just following all their social media profiles.
Overall the SingularityNET project has a lot of potential and it will grow as the team of SingularityNET is very talented and respected in the industry. They are one of the few who is in the development business for more than 20 years before starting SingularityNET. The AI field will grow day by day and it is one of the essentials for the future as our future will be dependent on technology more than anything else.
Blockchain is absolutely one of the world’s most in demand technologies now. SingularityNET proves its advancement and effective usage for the operation.
This is a network that provides excellent AI products and services. Industries related to blockchain are growing in numbers daily. As it increases, the gap between researchers/developer and companies rises as well. It happens because of some projects that certainly require for more than one solution. Researches usually have troubles on accessing huge data sets which blocks them on completing a big solution and machine results. SingularityNET which is a complex project fills those gaps.
It is an independent network with AI Agents that propose their services to another. It focuses on 3 separate AI sections including cyber securities, biomedical researches and cloud robotics. It visualizes an efficient network with complex communications for all AI agents. AI developers can sell their products in trade for AGI token. It offers Application Programming Services to include any regular solutions and to allow communication in each other.
It has several AI agents that apply smart contracts on the system. In order to conserve system validation, AI agents after every trade, position their selves at 0 or 1 scale. However, positioning is not required since it can be done instantly. It is believed that this network will soon inspire more interactions between different Agents. AI agents can subcontract their services to other agents. If needed, they can collaborate to other agents to perform jobs.
The ranks have several facets and it enhances the system. It decides which agent evaluations are more helpful in the network. Additional factors that classify the general ranking are outside authentication and benefit ratings. In case evaluation decreases under certain level, Agents may drop some of tokens. Benefit rankings are responsibilities that enrich the complete network. It does not necessarily have financial value. Agents can get ranking bonus if ownerships are proven by a dependable company by means of KYC services.
This SingularityNET coin is a currency using Ethereum blockchain. Agents make use of it as a payment or as a settlement to acquired AI solutions. AGI token’s total market capitalization is $65,579,476 USD with exchange volume of $3,163,000 USD. More than five hundred million AGI is now on circulation.
It is now trading at $0.121517 USD in market exchanges like Binance, KuCoin, Ethfinex, Liqui, DDEX, Idex, Tidex, ForkDelta and Radar Relay. Some traders prefer KuCoin platform because of its great features and fast transaction speed. It gives some discounts too! This is probably the reason why most of AGI trading happens here.
The company has gained popularity after raising $36 million USD (in just 60 seconds) during SingularityNET ICO.
As of now, the group has more than fifty developers and ten doctoral degree holders relating to AI. Dr. Ben Goertzel is the Head and Executive Officer. He, along with the other AI experts, creators and advisors work as one to provide the most reliable AI place for everyone. It will be wholly available soon.
The importance and effectiveness of an Artificial Intelligence are increasing noticeably every day. It will eventually rule the overall economy and the whole internet as well.
The concept of Singularity technology is now broadly acknowledged all throughout the investment world. Experts believe that after few decades, machine intelligence will undoubtedly become the dominant factor in business development.
Blockchain delivers strong resources for handling transactions in a Singularity. It has to be appropriately used and must have a blockchain based network that will attend all the needs of Agents. SingularityNET has all the features and qualities to become the best framework for AI.
What is SingularityNET?
SingularityNET combines Artificial Intelligence with blockchain technologies that will inevitably create a decentralized place for acquiring different kinds of AI. Run by the AGI token, SingularityNET allows any developers, organizations, companies or individuals to purchase or sell AI products or services. It is expected to reduce AI cost and increase production. The AGI token is designed to assure the open and free access of everyone on the network.
SingularityNET is a growing platform for the market activities of users and creators of AI. It targets to be the main open-source protocol for AI networks online. It aims to make an organized Artificial General Intelligence inside crypto markets. Although AI field is still in its early stage, SingularityNET shows significant potential for success.
Where to buy AGI Token?
SingularityNET AGI is now trading on different exchanges including KuCoin (trading pairs are AGI/ETH, AGI/BTC), Radar Relay (AGI/WETH), ForkDelta (AGI/ETH, AGI/USDT), Tidex (AGI/BTC, AGI/USDT), Liqui (AGI/USDT, AGI/ETH and AGI/BTC), Idex (AGI/ETH) and Ethfinex (AGI/BTC, AGI/USD and AGI/ETH). You can trade, sell or buy AGI tokens on the above-mentioned trading sites.
About SingularityNET ICO
It was December 19, 2017, when SingularityNET ICO was launched. AGI’s ICO price is USD 0.1 each. The team has raised total funds of USD 36,000,000 in just sixty seconds making it one of the quickest selling ICO in the history.
SingularityNET Roadmap and Developmental Plan
December 2017- The SingularityNET Alpha Version has been released. Some AI tools have been posted in the network to enhance API and to provide a better understanding of SingularityNET processes. The network started to use Ethereum blockchain during this period.
2018- SingularityNET reaches fast adoption in critical and vertical areas. It will focus all the efforts on developing infrastructure and prototyping of tools for robot dialogue, finance, image processing, biomedical analysis and processing of language. By July, the infrastructure in beta version is expected to launch. The team is working hard to finish the excellent version of SingularityNET infrastructure before this year end.
2019-2021- The infrastructure development is focus mainly on the scalability of different matters like great distribution of core AI algorithms and blockchain mechanisms. The three vertical areas are Cybersecurity, biomedical analysis and emotional and social robotics. SingularityNET is very positive in creating useful robots for hospitals, homes, school and everywhere. It will surely help every human being and will make lives more comfortable and more convenient.
After SingularityNET ICO launching, the result seems to be in all’s lips, and everyone is talking about it.
With the emergence of different cryptocurrencies around the world, an intense rivalry has aroused on the market. More businesses are getting on the line to launch their unique ICO project. SingularityNET is one of the few companies that had successfully released Initial Coin Offering.
Based on reports, the company team has unexpectedly sold all ICO in just a minute and has reached the hard cap worth of $36 million. The ICO started on December 19 and lasted only for 24 hours. SingularityNET ICO price that day was USD 0.1000.
While I am writing this article, SingularityNET price hits USD 0.171960 and touches a market cap of USD 92,802,214.
This fantastic outcome is undeniably a strong indication that the perfect timing for SingularityNet has indeed come. The interest shown by the community is truly overwhelming.
Introduction to SingularityNET
It is a Swiss company that is based in the Netherlands.
SingularityNET aims to be the primary source of AI interaction on the web. It visualizes a combination of blockchain technology and good Artificial Intelligence creating a decentralized market industry for any distinctive types of AI products and services.
Generally, anyone can place AI on the internet, cover in API and declare it to SingularityNET. Any business may then request for it, and the developers will, of course, receive payments in the form of AGI tokens.
It is designed to become very valuable and to place the foundation for the appearance of an artificial cognitive organism. It carries intellect services to everyone. This will stimulate the occurrence of gradually powerful dispersed universal intelligence and will position AI to the welfares of everyone.
SingularityNET’s Dynamic and Flexible Software Design
SingularityNET is a highly technological structure for creating new varieties of smart contracts. It can provide AI interactions to market. The network is interoperable to many blockchains. All user data have privacy and sovereignty control. There are validation processes before anyone can access data information. It is flexible enough to produce customized topography, to recover quickly from failure and to help AI Agents arrange proper collaborations. Also, it protectively hosts public and private smart contracts within the network.
It is a non-profit foundation accountable for constructing, managing and quickening the system progression. With the excellent combination of AI Agents, affluent customer’s ecosystem and prosperous developer’s community, the network can perform well. Some of the main founding partners of SingularityNET Foundation are OpenCog Foundation which is the leading platform for AI and Hanson Robotics which is the creator of robot Sophia. Other founding partners are Vulpem, Novamente LLC, and Economic Space Agency.
The growth of SingularityNET brings a real advancement to the world. It helps every individual to cope with the progressive technology and fills the growing demand for Artificial Intelligence. The modern ecosystem needs an open AI source like of SingularityNET
The surprising level of investors’ response to SingularityNET ICO is a vibrant sign that everyone is really into blockchain.
The global community has made significant progress since the growth of Artificial Intelligence. AI, with near-limitless potential, has become the modern concept of the world and has changed the traditional way daily tasks are performed. It continues reaching the highest level of complexity similar to the human mind.
Business operations are now associated with AI technology, but most of them are having trouble where to acquire the services correctly. SingularityNET was created to fill these needs.
What is SingularityNET on the first place?
It is known as an open-source protocol and array of smart contracts for the decentralized industry of synchronized AI solutions. In this network, the use of AI is developed into a universal commons and is intended for the benefit of the majority. Any person can get AI technology and be considered a stakeholder in its progress. Individuals can place an AI or machine learning services to SingularityNET. It will be for network use, and its developer can collect network settlement tokens in return.
SingularityNET is built to be extremely beneficial for the community. The foundation is positioned for opening a long-term decentralized human-made reasoning and is made for future AI potentials. It is a wise format prompted by extensive theoretical pondering and prototyping of designer’s ideas.
The network is developed to bring AI solutions to individuals, organizations, and corporations. It will foster the rise of dominant AGI and will provide growing benefits to everyone.
It is based on Netherland and led by Dr. Ben Goertzel, CEO and Head Scientist of the team. Other members are David Hanson, Anton Kolonin, Simone Giacomelli, Linas Vepstas, Nil Geisweiller and many more. All team members and advisors are all experts and excellent in their assigned areas.
The AGI Tokens: Functions and Trading Sites
It empowers the SingularityNET structures to allow developers, organizations and companies trade AI. It will lower cost expenses and increases AI outputs.
AGI is listed on various market exchanges. Anyone can buy or sell the tokens in trading sites like Ethfinex (AGI/ETH, AGI/USD, AGI/BTC), Idex (AGI/ETH), Liqui (AGI/BTC, AGI/ETH, AGI/USDT), Tidex (AGI/BTC, AGI/ETH, AGI/USDT), ForkDelta (AGI/ETH), Radar Relay (AGI/WETH) and KuCoin (AGI/BTC, AGI/ETH). Supported trading pairs are included in each exchanges.
Details about its ICO
As the competition for the best cryptocurrency heats up, many businesses are getting on the trend to release their groundbreaking perceptions as well as ICOs. One that excels is SingularityNET ICO which holds the record of fastest marketing ever.
With AGI as the token, it is undeniably one of the most successful Initial Coin Offering project made in the history. It has raised approximately $36,000,000 USD funds in a just single minute. The ICO was conducted on December 19 last year. SingularityNET ICO price is $0.1 USD.
AGI started its bull run in January. As of this moment, the SingularityNET price is $0.143302 USD with a market capitalization of $77,336,258 USD.
With the successful result of SingularityNET ICO, experts believe that the value of AI market will increase to $3,100,000,000,000 by the year 2025.