SingularityNET

What is SingularityNET?

SingularityNET, founded by Dr. Ben Goertzel, is a groundbreaking project with the ambitious mission of creating a decentralized, democratic, inclusive, and beneficial Artificial General Intelligence (AGI). This AGI is designed to be independent of any central entity, open to anyone, and not confined to the narrow objectives of a single corporation or country.

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Recent Video Interview

Main points of the interview:

• SingularityNET operates an AI development office in Ethiopia, led by inspiring figures like Bethlehem Desi.
• Integrating AI systems like OpenCog Hyperon to advance artificial general intelligence (AGI).
• The platform aims to decentralize AI, allowing various AI agents to collaborate and solve complex problems.
• SingularityNET is exploring innovative projects like longevity research and virtual worlds to push the boundaries of AI development.

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Key Features

AI Marketplace & AI Publisher SingularityNET facilitates an AI Marketplace where users can explore, experiment, and select from a constantly expanding library of AI algorithms developed by a community of service providers. The AI Publisher infrastructure serves as a central hub for creating, editing, and managing AI services, enabling users to integrate these services into their applications and launch them globally.

AI - Domain Specific Language (DSL) The platform boasts a self-organizing network of AI agents running on the SingularityNET Platform. These agents dynamically outsource work to each other, leveraging AI functions, exchanging input/output data, negotiating payments, and contributing to an advanced agent reputation system. This pioneering AI network embodies a collective intelligence that surpasses the sum of its individual parts.

AGIX Staking & Bridge Users can enhance their AGIX token holdings by participating in staking sessions, supporting the blockchain network's operations. The Bridge feature facilitates seamless token transfers across supported blockchains, such as Ethereum and Cardano.

OpenCog Hyperon The OpenCog Hyperon project represents a long-term commitment to implementing a complete, scalable, and open-source general artificial intelligence system. Based on the principles of OpenCog, this platform fosters collaboration among different AI strategies and methods, including Neuro Symbolic AI, Evolutionary Learning systems, Economic Attention Allocation, Machine Learning, and other approaches.

Cardano and AI Collaborations

Recent support from the Cardano community, with a dedicated funding of $500,000 USD in ADA tokens, underscores the collaborative effort to deepen the partnership between SingularityNET and Cardano. This collaboration presents a significant opportunity to unite the two communities in pursuit of a shared vision.

AGIX Token

AGIX serves as the utility token within SingularityNET, facilitating transactions and decentralized community governance. Its multifaceted role includes being a utility token for decentralized AI Marketplace transactions, a governance and voting instrument, a multi-chain token compatible with platforms like Cardano and Ethereum, and a staking asset offering community members compensation for providing platform liquidity.

Team Background and Partners

Led by Dr. Ben Goertzel, the SingularityNET team comprises seasoned scientists, researchers, engineers, designers, entrepreneurs, and community leaders. The organization is actively seeking talented individuals to contribute to the realization of a positive technological singularity.

SingularityNET collaborates with leading entities like Fetch, DFINITY, Vechain, HAQQ, and World Mobile. These partnerships aim to transform businesses and ideas, collectively advancing the vision of a decentralized and democratized future in artificial intelligence.

Project Development

In the pursuit of a seamless staking experience on Cardano, a hybrid approach has been introduced by the platform. As the third epoch nears completion, gearing up for a public launch in the upcoming fourth epoch commencing on December 28th, 2023, this novel AGIX staking solution stands as a notable milestone.

This hybrid solution ingeniously combines the benefits of both bonded and unbonded staking. Initially contemplating separate offerings to cater to diverse user preferences, the platform decided, after thorough consideration of business and technical factors, to integrate the strengths of both into a singular, well-crafted solution.

Key features of this hybrid staking approach include the imposition of safe limits on rewards, strategically set by each pool Admin to mitigate potential risks. Users enjoy flexibility, allowing withdrawal of committed tokens at any time, with a temporary restriction during the Reward Distribution Period. The user-centric design ensures a balanced and innovative staking experience, emphasizing both user freedom and system performance. This approach reflects a commitment to providing a secure, flexible, and user-friendly staking solution as SingularityNET advances toward its public launch on Cardano.

SingularityNET Price Analysis

As of November 24 2024 SingularityNET has a marketcap of $219M. This is {{percentagefromath}} from its all time high of $1.46. In terms of its tokenomics, there's a total supply of 493M with 72% currently outstanding. Keep in mind SingularityNET has a fully diluted value of $306M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.