What Is SingularityNET (AGIX)?

What Is SingularityNET (AGIX)? Complete Guide Review About SingularityNET.

What Is SingularityNET (AGIX)?

Not only does the SingularityNET platform give developers a commercial
launchpad (much like app stores give mobile app developers an easy path to market), it also allows the AIs to interoperate, creating a more synergistic, broadly capable intelligence. For example, if a text-to-speech AI and an Italian-to-English translation AI were both on the network, then the network as a whole would be capable of using Italian text to produce English speech.

Within this framework, AI transforms from a corporate asset to a global
commons; anyone can access AI tech or become a stakeholder in its development. Also, anyone can add an AI/machine learning service to Singularity NET for use by the network and receive network payment tokens in exchange.

SingularityNET is backed by the SingularityNET Foundation, which believes that the benefits of AI should not accrue only to a small set of powerful institutions, but rather should be shared by all. A key goal of Singularity NET is ensuring that the technology is benevolent by human standards and that the network is designed to incentivize and reward beneficial players.

SingularityNET Storage Key Points

Coin BasicInformation
Coin NameSingularityNET
Short NameAGIX
Circulating Supply976,902,631.19 AGIX
Total Supply1,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website


SingularityNET The inevitability of a technological singularity is increasingly accepted throughout the technology and business worlds. Knowledgeable people are realizing that the next few decades will see a transition to a new society and economy in which machine intelligence is the dominant factor.

For this to occur, swarms of machine and organic intelligence must network together to produce emergent “global brain” dynamics of unprecedented complexity and sophistication with power and flexibility none alone would have. Markets display elements of cognitive synergy—agents in an economy each pursue their own relatively simple goals, but patterns with higher-order goals emerge from their interactions.

SingularityNET is not only a collection of AIs, it is a market. It is designed to harness self-organizing swarm intelligence to create a whole greater than the sum of its parts. Blockchain allows to program economic rules in a digital environment and AI software to seamlessly interact with them.

Acute Market Needs Addressed

SingularityNET meets an acute and accelerating market need. In the current economic and technological context, every business needs AI, but off-the-shelf AIs will rarely match a business’s needs. Only tech giants can hire armies of developers to build custom AIs, and even they have a hard time hiring enough AI experts to meet demand.

NET provides an automated process that enables any business to connect existing AI tools to build the solution it needs. It optimizes for accessibility and customizability and by its nature reduces the reduplication of effort involved in proprietary development, making development more efficient.

A Robust and Adaptive Software Architecture

In computer science terms, SingularityNET is a distributed computing architecture for making new kinds of smart contracts to facilitate market interactions with AI and machine learning tools.

A Decentralized, Self-Organizing Cooperative

One can think about SingularityNET as a “decentralized self-organizing cooperative.” This concept is similar to to the better-known “decentralized autonomous organization” (“DAO”) but different in that a foundation will provide high-level oversight of SingularityNET. Your intent is that over time, the network will evolve into a truly decentralized and autonomous organization.

This sort of organization will differ from an ordinary corporation by, above all, its openness. Singularity NET’s collection of smart contracts includes contracts to be used by external, non-AI Agents who wish to obtain AI services from Agents in the network. Anyone can create a node, put it online, and enter it into the network so that it can request and/or fulfill AI tasks in interaction with other nodes and engage in economic transactions.

The Singularity NET Foundation

The non-profit SingularityNET Foundation, incorporated in the Netherlands, is responsible for building, supervising, and accelerating the growth of the Singularity NET network and marketplace. During the initial phases of network operation, most major governance decisions will be made democratically by token holders, with the Foundation providing some high-level stewardship and practical day-to-day management.

As the network evolves, there is potential for transition to a fully self-regulating Decentralized Autonomous Organization, and the network’s technical specifications and governance methodology are designed to support this.