SingularityNET (AGI) is a protocol and collection of smart contracts built on blockchain technology with the aim of creating a decentralized marketplace for Artificial Intelligence (AI) related services. At SingularityNET, anyone can sell their AI-generated products and services. Companies/organizations can buy and sell AI-related products at scale.
Coin AGI is the main cryptocurrency of the system used to pay for purchases or services in the platform such as transaction fees, withdrawal fees, etc.
What is AGI Token?
SingularityNET’s AGI token is an ERC-20 token, but this is not always the case. Voting on the governance model will determine when the platform will move from Ethereum to another platform or even its own system. Agents mainly use AGI to pay for AI services. However, the token also grants dealers the right to vote on certain decisions affecting the platform.
Features of AGI
Market for AI services: The system wants to bring the application of AI to the world quickly and simply. AGI provides APIs to combine standard AI, image processing, and language services, into smart contracts. Agents are the objects that execute smart contracts on the platform.
Network of self-governing AIs: The AGI system builds a network that helps perform complex AI interactions using resources from the OpenCog Foundation. Sophia works thanks to a combination of AI Agents from natural language processing to physics engines.
How does SingularityNET work?
SingularityNET is a complex and very little known project. Although it has already started working as an AI development as a service, the development team intends to develop the platform into a fully autonomous AI network. The AI agents in this system will use AI technology to bring people together and grow the network together.
SingularityNET is trying to bring artificial intelligence to the world. Specifically, the development team chose to focus on three different AI areas during the first two years of development:
- Cloud robot
- Biomedical research
- Network security
SingularityNET boasts a development team of 50 AI developers, including 10 Ph. The team is headed by Dr. Ben Goertzel, a scientist and CEO of the system. Dr. Goertzel is also the President of OpenCog and the Association for Artificial Intelligence, along with many other leading scientists from Hanson Robotics – a partner company that helps SingularityNET grow.
Another important person in the SingularityNET team is Dr. David Hanson – founder of Hanson Robotics. He is also the head of the Robotics Lead program that created Sophia – the most human-like robot to date. Sophia is also a proud member of the SingularityNET team.
SingularityNET uses a high-tech system and owns a professional staff; this is also the foundation for SingularityNET to reach further in the future. However, in this volatile crypto field, you should consider investing and research the market in general and learn carefully about the coin you want to invest in in particular to make the right decision.
You can see the AGI prices here.
According to AZCoin News
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