In principle, SingularityNET is the world’s first decentralized artificial intelligence (AI) platform that combines creativity with distributed governance. Furthermore, Through its platform, users can browse, test and purchase AI services using the native AGIX token.
The platform already encourages developers to put their products up for sale on the platform, making AI more accessible and democratized. Read on to learn more about the AGIX crypto coin project and whether it’s worth it.
What is the AGIX crypto coin Project?
A Singularity NET (AGIX) is a platform that uses blockchain technology to facilitate the creation, sharing and monetization of artificial intelligence (AI) services through a globally accessible marketplace.
The SingularityNET marketplace allows users to browse, experience and purchase a wide range of artificial intelligence (AI) services using the platform’s native AGIX token. Furthermore, it is an outlet for AI developers to publish and market their tools and easily track their performance.
The team behind SingularityNET is best known for leading the development of the artificial intelligence Sophia, described as the most expressive robot in the world. However, the purpose of SingularityNET goes beyond this. They seek to enable Sophia to fully understand human language and continue the development of OpenCog, an AI framework with the goal of achieving a state known as “advanced general intelligence” or human-level artificial intelligence or higher.
How does the AGIX cryptocurrency project, SingularityNET work?
SingularityNET is a blockchain platform that aims to develop and support Artificial Intelligence services. It works through some important elements such as the SingularityNET Daemon, the SingularityNET Registry and the SingularityNET Marketplace DApp.
O SingularityNET Daemon is an adapter that allows services to interact with the platform, working as a proxy to handle architectural issues such as registration and configuration. It is also responsible for authorizing payments and translating applications through interaction with smart contracts.
Furthermore, the SingularityNET Registry is a smart contract on the Ethereum blockchain that stores information about organizations, services and type repositories. AI developers use the Registry to advertise their services, while consumers use the Registry to find the services they want. In other words, it’s a service management system.
Finally, the SingularityNET Marketplace DApp it’s the entry point to discovering and using AI services on the platform. It reads data from the Registry and combines it with metadata from the chain, enabling the integration of curated services, display of custom components in the UI, and evaluation of services by consumers.
Technological Platform of the Crypto AGIX Project
The SingularityNET Platform is an open, decentralized network of AI services accessible through the Blockchain. Developers publish their services on the SingularityNET network, where they can be used by anyone with an internet connection. Developers can charge for using their services using the native AGIX token.
Services can provide inference or model training in various domains such as image, video, speech, text, time series, bio-AI, and network analysis. Services can be as simple as bundling a well-known algorithm, a complete end-to-end solution to an industry problem, or a standalone AI application.
Developers can also deploy autonomous AI agents that interact with other services on the network. Read on to learn more about the AGIX crypto coin project and whether it’s worth it.
SingularityNET’s AI Platform
AI Marketplaces
The core platform performs essential functionality such as facilitating automated and trustless transactions based on multi-party escrow, publishing new AI services and organizations on the blockchain, tracking successful API calls and defining pricing strategies. In addition to the platform, AI Marketplace offers a rich user interface that allows users to easily find, rate and experience the services registered on the platform.
Most services offer a limited number of free API calls so that users can get a good impression of what the service has to offer. Additionally, users can pay for additional services directly with the native AGIX token or with fiat currency using the Paypal integration.
Each service hosted on the Marketplace is represented by a profile page that offers information about the service, including media gallery images, pricing, installation and running instructions, reputation rating, and free trial options. There is a wide and growing collection of services on the market, from image manipulation to gene sequencing and much more!
Crypto AGIX Project AI Editor
AI service providers publish and monetize their AI services on the open decentralized AI marketplace, extending developers’ reach to reach more customers globally.
AI publishers also get free access to advanced AI application features, AI usage analysis, team management and coordination, financial management of their AI services, and extensive beta testing tools.
Resources:
- Manage AI Services in One Hub – Publishers and developers can easily test, refine and deploy AI services on the blockchain and easily distribute them to multiple platforms and global regions from a single interface.
- Engage New AI Audiences – Track usage analytics from your global consumer users to improve your AI. Increase your global exposure.
- Project teams and roles – Publisher infrastructure helps AI teams work better together by unifying AI services into a hub so developers, business managers, and others can create simultaneously.
- Collect AGIX Tokens – Get AGIX tokens for all your AI services and transfer them to your preferred wallet and teammates.
AI – Domain Specific Language (DSL)
AI-DSL is a transformative component in the next phase of the platform that will enable separate services to form ad-hoc workflow collaborations to accomplish more complex tasks than any single service could.
AI-DSL is an AI service that will not require a strict predefined format of service inputs and outputs. This will allow you to orchestrate ad hoc workflows from appropriate services to perform a requested task. Due to the growing number of services on the platform, the requirements will evolve to include functional and non-functional variables (like lower cost, higher speed, better reliability, etc.) based on the reputation system for AIs. Read on to learn more about the AGIX crypto coin project and whether it’s worth it.
AGIX Crypto Project: SingularityNet Bridge
SingularityNet Bridge allows users to transfer their tokens between supported blockchains. It currently supports AGIX and NTX tokens on Ethereum and Cardano.
A key aspect of the Phase Two Proposal was to enable 1-to-1 exchange of AGIX tokens on Ethereum and Cardano chains. Since then, the NTX token that exists on the Ethereum and Cardano chains has also been launched. The bridge allows the seamless conversion of AGIX and NTX tokens into these chains and was built in close collaboration with Input Output Global (IOG).
The SingularityNET bridge allows anyone to move AGIX-ETH tokens from their Ethereum wallet to AGIX-ADA tokens in their Cardano wallet or vice versa (or NTX-ETH and NTX-ADA, etc). When converting tokens from Ethereum to Cardano, the bridge will burn the Ethereum-based tokens into a smart contract and an equal amount of new tokens will be minted in Cardano. Upon switching back from Cardano to Ethereum, the AGIX-ADA tokens will be burned and the same amount of AGIX-ETH tokens will be minted on the Ethereum side, available for the user to claim.
OpenCog Hyperon
OpenCog Hyperon will implement a complete, scalable, open source general artificial intelligence system based on OpenCog principles. It is an open source platform where different AI strategies and methods such as Neuro-Symbolic AI, Evolutionary Learning Systems, Economic Attention Allocation, Machine Learning and other AI approaches can collaborate based on a shared knowledge metagraph (Atomspace ).
Hyperon inherits the concepts of OpenCog, but is fully refactored and considerably redesigned, with a decentralized architecture ready to take full advantage of the evolution of blockchain infrastructure. The end result is a design that is much faster, more scalable, more flexible, and much easier to learn and use.
The team believes that this upgrade to OpenCog Hyperon will have similar effects on the AI approach as increased CPU speeds and the availability of large datasets have had on machine learning approaches over the last few decades. Read on to learn more about the AGIX crypto coin project and whether it’s worth it.
AGIX Token
Like other projects, SingularityNET has its own utility token, called AGIX, which is used to monetize and move value through the AI services provided on the platform. The token is used on the SingularityNET Marketplace, where users can research, test and purchase various AI services using AGIX.
Marketplace is an outlet for AI developers to publish and sell their tools, while monitoring their performance. It is important to mention that the maximum amount of AGIX tokens is limited to 1.000.000.000.000.
Advantages of AGIX cryptocurrency:
The AGIX token provides different types of benefits to its users. Meet some:
- Staking: the community using SingularityNET can provide liquidity to the platform through staking;
- Ecosystem airdrop launch: Around 5% of tokens from projects launched on SingularityNET are destined for AGIX holders;
- Deep Fund: Community-driven type of funding for decentralized AI services to be developed.
SingularityNET AGIX Staking and Binance
Community AGIX holders can contribute to strengthening the project through the Staking portal; when betting on AGIX tokens, contributors are rewarded with AGIX tokens. Users can stake their AGIX tokens in 30-day sessions.
At the end of the 30-day period, users can either continue to allow their tokens to continue wagering or withdraw them along with any rewards received during the wagering period. The betting portal is operational on the Ethereum blockchain, the enhanced betting portal on the Cardano blockchain will be launched in the near future.
Final Words
In conclusion, SingularityNET is the leading marketplace for IA decentralized world, running on blockchain. The core mission is the development of Artificial General Intelligence (AGI) into a beneficial technological Singularity that would be AI systems focused on making the world a more compassionate, fairer, and more sustainable place now and in the future.
