What is SingularityNET (AGIX)?

A decentralised network called SingularityNET (AGIX) attempts to democratise access to artificial intelligence (AI) technologies by establishing a market for AI services. In 2017, Dr. Ben Goertzel and a group of AI researchers launched it.

The History of SingularityNET

SingularityNET was established in 2017 with the aim of building a decentralised network of AI agents that can communicate with one another to provide more potent and adaptable AI solutions. The platform makes use of blockchain technology to facilitate safe and open interactions between users and AI agents as well as to guarantee the ownership and privacy of data.

The Use Case of SingularityNET

SingularityNET seeks to develop a worldwide marketplace for AI services, where customers may access a variety of AI capabilities, from computer vision to natural language processing, without depending on centralised suppliers. Additionally, the platform enables developers to create and launch their own AI agents that can be bought and utilised by other people.

In order to develop AI that is helpful to all humans, SingularityNET emphasises the importance of ethical and open AI development. The platform intends to offer a decentralised alternative to giant tech corporations' centralised control of AI, which frequently produces biases and restricts access to AI capabilities.