What is SingularityNET?

SingularityNET (AGIX) is a decentralized platform that aims to democratize access to Artificial Intelligence (AI) services. It utilizes blockchain technology to establish a marketplace where anyone can create, share, and monetize AI services. The platform's native utility token, AGIX, is used for transactions within this marketplace. SingularityNET aims to enable the development of Artificial General Intelligence (AGI) for a technological singularity. The platform was first announced in 2017 and completed an initial coin offering (ICO) in December the same year, raising $36 million in one minute.

How does SingularityNET work?

SingularityNET operates as a decentralized, self-organizing cooperative. It allows AI developers to publish their AI tools on the network, where they can interact with other AIs and with paying users. The platform's smart contract templates facilitate these interactions, enabling AI agents to request work, exchange data, and supply the results of AI work. SingularityNET also includes user-side controls for sharing personal data, ensuring users maintain control over their data. The platform's AGIX token is used for transactions and decentralized community governance within the network.

What are the potential use cases for SingularityNET?

SingularityNET strives to address the need for accessible and customizable AI services. It provides an automated process that enables businesses to connect existing AI tools to build the solutions they need. The platform also serves as a launchpad for AI developers, allowing them to monetize their creations and contribute to a global ecosystem of decentralized AI. Furthermore, SingularityNET has a collaboration with Hanson Robotics, which has resulted in the development of products that leverage AI for healthcare purposes.

What is the history of SingularityNET?

SingularityNET was founded by Dr. Ben Goertzel, Simone Giacomelli, and Dr. David Hanson. Dr. Goertzel is a figure in the AI and robotics industry with a long track record of working with advanced technology companies. Simone Giacomelli is an entrepreneur and investor with experience in crypto consultancy, and Dr. David Hanson has a long history in the robotics industry. The platform was first announced in 2017 and completed an initial coin offering (ICO) in December the same year. The SingularityNET Foundation, a non-profit organization incorporated in the Netherlands, oversees the development and growth of the SingularityNET network and marketplace.