Introduction
In a world obsessed with innovation, SingularityNET stands tall as the brainchild of Dr. Ben Goertzel, an AI luminary, and his team of visionaries. AGI, touted as the next evolutionary step in AI, is the heart of SingularityNET’s mission—a future where AGI is not just a solution but the key to unlocking limitless possibilities.
Overview
Imagine a marketplace of AI wonders running seamlessly on Ethereum and Cardano blockchains. SingularityNET provides a haven for developers to effortlessly create, share, and monetize their AI services. Meanwhile, users indulge in a shopping spree of diverse AI products, all fueled by the magic of AGIX transactions.
Background
The journey began in 2017 when Dr. Goertzel and his team officially launched SingularityNET. Fast forward to headlines in 2018, and the world witnessed the birth of the first-ever decentralized AI marketplace. Partnerships with industry giants, such as Hanson Robotics in 2019, fueled its ascent. With a successful ICO raising $36 million and a $5 million boost from IOHK in 2020, SingularityNET became a beacon in the AI and blockchain realm.
Leading the charge is Dr. Ben Goertzel, a trailblazer in AI, alongside Co-founder Dr. David Hanson, the genius behind lifelike humanoid robots. Together with a stellar team, they form the backbone of SingularityNET’s relentless pursuit of excellence.
Tokenomics
From the evolution of $AGI to $AGIX and airdrops at a 1:1 ratio, SingularityNET’s tokenomics is a journey in itself. All $AGI has now transformed into $AGIX, ensuring a unified and compatible token across platforms.
AGIX, the utility token that powers SingularityNET.
Total Supply and Distribution
A finite supply of 1,364,518,502 AGIX tokens, preventing inflation and ensuring its scarcity. At the moment, 1,249,851,019 AGIX tokens are circulating, a testament to its vibrant ecosystem.
Use Cases
AGIX isn’t just a token; it’s a passport to the AI wonderland. Users pay for AI services, and since it’s an ERC-20 token, developers can flex their AGIX muscles in other Ethereum-based applications or convert them into real-world FIAT currency.
Where to Buy and How to Store
Get your hands on Singularity at the top exchanges, including KuCoin, Binance, and Gate.io. Safeguard your treasure in Binance, either in your personal wallet or let it thrive through Binance Earn for some passive income.
Market Statistics
Market Cap: $345,175,865
Circulating Supply: 1,249,899,419 AGIX
Supply Cap: 2,000,000,000 AGIX
All-time High: $1.86 -85.86% January 20, 2018
All-time Low: $0.007497 +3407.17% March 13, 2020
Features and Functionality
With a robust AI platform, AGIX staking, and the SingularityNET Bridge, this decentralized wonderland offers developers a playground for collaboration and monetization.
Risks and Challenges
Challenges exist, but so do solutions. Technical hurdles, competition with other projects, and achieving widespread AI adoption are on the horizon. Yet, with SingularityNET’s strategic partnerships and a commitment to democratizing AI, the future looks promising.
Conclusion
Singularity is not just a marketplace; it’s a revolution. It empowers individuals and organizations to unleash the true potential of AI collaboratively. As algorithms and smart contracts dance in the decentralized network, SingularityNET promises a future where the power of AI is truly in the hands of the many. Welcome to the SingularityNET, where the future of AI meets the blockchain revolution!
Sources:
singularitynet.io
https://www.thecryptobreakdown.com/projects/what-is-singularitynet
https://blog.mexc.com/what-is-singularitynet-agix-creator-wilbur/
https://www.binance.com/en-NG/how-to-buy/singularitynet#:~:text=Store%20or%20use%20your%20SingularityNET,Binance%20Earn%20for%20passive%20income.
