SingularityNET (AGIX)

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SingularityNET (AGIX)

What is SingularityNET?

SingularityNET is a decentralized marketplace for Artificial Intelligence (AI). The business value of AI is becoming clearer each day; however, there’s a significant gap between the people developing AI tools (researchers and academics) and the businesses that want to use them. Most organizations need a more customized solution than what a single AI project can offer, and research projects oftentimes have trouble accessing a large enough data set to build effective machine learning. SingularityNET closes these gaps. The long-term vision of the SingulairtyNET team is to build a network of complex AI Agent interactions primarily using resources from the OpenCog Foundation. To look at this further, let’s check out their in-house built humanoid robot, Sophia. Sophia uses a combination of AI Agents that range from natural language processing to physical motor controls to operate. You tell Sophia to summarize a video that’s embedded in a webpage. To do this, Sophia sends a request to Agent A. Through its AI, Agent A knows that Agent B specializes in analyzing and transcribing video while Agent C specializes in summarizing text. Agent A pays Agent B and Agent C to perform these tasks while Sophia pays Agent A to coordinate. All the while, each Agent has updated their own AI with the network information gained from these tasks and combines it with their previous experiences and knowledge.

Key Facts & Snapshot

Symbol: AGIX
CoinGecko id: singularitynet
Market cap rank (CoinGecko): #722
Categories: Artificial Intelligence (AI), Cardano Ecosystem, Ethereum Ecosystem, AI Agents, Sora Ecosystem
Genesis / launch date: 2017-12-21
Circulating supply (snapshot): 245,587,128
Total supply (snapshot): 442,343,827
Max supply (snapshot): 2,000,000,000
All-time high (USD, CoinGecko): $1.46 (Mar 10, 2024)
All-time low (USD, CoinGecko): $0.007472 (Mar 13, 2020)