SingularityNET brings AI and blockchain together to build a decentralized, open market for AIs. The indications are that it could let anyone monetize AI, allowing companies, organizations, and developers to purchase and sell AI algorithms at scale, thus reducing costs and improving the capabilities of the AIs.
What is SingularityNet (AGI)?
SingularityNET is something that is right out of science fiction. The core concept is to have a decentralized, open, blockchain based market for Artificial Intelligence where anyone can buy and sell AI. It allows anyone to build an AI, hook it up with SingularotyNET’s API and put it up on the market for potential buyers. There is no central authority to curate what gets put in there, much like BitTorrent.
SingularityNet (AGI): History
The CEO and founder of SingularityNET are Ben Goertzel, a blockchain-based AI marketplace. In late November, SingularityNET announced a token sale. That token sale has begun on December 8, 2017. SingularityNET is led byDr. Ben Goertzel (CEO and Chief Scientist), Dr. David Hanson (Robotics Lead), and Cassio Pennachin(CTO). The highly-advanced AI system “Sophia Hanson,” is listed as the “Chief Humanoid” of the company. The program is also powered by some of the leading companies in AI, the blockchain, and robotics, including OpenCog, Vulpem Ventures, Hanson Robots, and Novamente. In late November 2017, SingularityNET announced a $36 million ICO to fund its expansion.
How Does SingularityNet (AGI) Work?
SingularityNET aims to connect small to medium scale businesses that need AI resources but doesn’t have the financial resources to fund their team. The first phase plans to create an open market for AI resources such as algorithms. This network will house AI resources concerning cloud robotics, biomedical research, and cybersecurity but will expand over time. There are also plans to develop the system further so that it can attain the goal of being an utterly self-regulating one.
How To Buy SingularityNet (AGI)?
SingularityNET is very new and relatively difficult to get hands on. Buying SingularityNet (AGI) is a two-step process. First, head over to Coinbase and purchase Bitcoin or Etherium which accepts debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like KuCoin. The safest place to save your coins is MyEther Wallet/ Ledger Wallet/ Trezor.
SingularityNet (AGI) Price Prediction 2018
As SingularityNet is a newly emerged coin, it has not reached a high point. But we can expect its surge in this year as its popularity increases day by day. SingularityNet is a lousy long-term investment option. If the user is looking for virtual currencies with a good return, SingularityNet is a bad option. SingularityNet price equal to 0.179 USD at 2018-03-24. According to forecast in one year the price will lower down to 0.1080 USD. So if the user invests in this, it will be devalued in future. SingularityNet price today is $0.179 and have the current supply of 521,710,040 AGI. The market cap value is $93,176,370, and the volume is marked as $1,150,800.