What Is SingularityNET (AGIX)?

What Is SingularityNET

SingularityNET is the first decentralized marketplace for AI services.

What Is SingularityNET (AGIX)?

SingularityNET is an open-source blockchain protocol that enables decentralized artificial intelligence (AI) services. It allows anyone to create, sell, or buy AI services at scale. The SingularityNET platform is powered by a native token called AGIX. The token is used to access AI services on the network and to reward contributors who build and maintain the network.

How Does SingularityNET Work?

SingularityNET is a launchpad that allows developers to connect their AI models/algorithms into real-world applications. Simply, machine learning tools require a large amount of datasets to operate, which for the average AI developer can be inaccessible.

However with SingularityNET, it connects these AI tools and datasets to the marketplace which allows those same developers a way to build, operate and monetize their inventions.

In order to democratize access, SingularityNet will be an open network. Anyone can insert an AI Agent if it shares information with accordance to the SingularityNET API and accepts/disburses payment according to SingularityNET’s economic logic.

The History Of SingularityNET

The SingularityNET platform was founded by Dr. Ben Goertzel and Dr. David Hanson in 2017. Dr. Goertzel is a world-renowned artificial intelligence expert and the CEO of Hanson Robotics. Dr. Hanson is a leading robotics expert and the founder of Hanson Robotics. The team also includes several other leading AI and blockchain experts.

Also worth mentioning, the same team is behind the development of AI known as Sophia, which is the world’s most expressive robot.

Prior to launching, the company through an ICO raised $36 million in just one minute.

Is SingularityNET (AGIX) A Good Investment?

Until now only tech unicorns would be able to hire developers to build custom AIs, but with SingularityNET it provides an automated process enabling any business or individual to connect existing AI tools to build.

Most AI developers are academics, not businesspeople, and have no easily accessible marketplace to turn to in order to monetize their clever AI code. As a result, the AI in real-world products tends to lag months to years behind the code.

Between collaborations and innovations, SingularityNET can continue to grow in users and adoption, making it an attractive incentive to hold the coin for the long run.

As you can see on the graph below, the highest that AGIX has ever reached was $1.02 back in January 2018, and currently it’s holding below $0.10. SingularityNET is still at its early stages, which makes you wonder if AGIX will see another all time high in the future.

Is SingularityNET A Good Investment

To stay up to date with the current AGIX price data, click here.

Should You Buy SingularityNET (AGIX)?

The AGIX token still has a lot of opportunity if other popular crypto exchanges list the token on their platforms, allowing for more investors to buy in. Overall, it’s a highly functional project with a lot of potential, and the team has both the vision and experience to bring it to a new level.

If you have done research on the team, vision, whitepaper and you are satisfied with what SingularityNET has accomplished so far, then potentially it could be a great investment for the long term. Perhaps invest small, and wait for market direction before buying more.

Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money. As a rule of thumb, never invest money you can’t afford to lose.

How Many SingularityNET (AGIX) Coins Are There in Circulation?

SingularityNET has a max supply of 2 billion AGIX coins.

Where Can You Buy AGIX Coins?

If you would like to purchase some AGIX coins, below are a handful of cryptocurrency exchanges which list them.

  • Binance
  • KuCoin
  • Pionex
  • ZT
Disclaimer: All images, branding and wording is copyright of SingularityNET. All content on this page is used for informational purposes only. CoinCitrus has no affiliation or relationship with the coins, projects or people mentioned on this page.