SingularityNET AGI

$0.0327
Market Cap $ 17.644 MM (#135)
24h Volume $ 291.485 K
Chg. 24h: -5.81%
Algo. score 4.1/5  (#35)
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SingularityNET project purpose and description

SingularityNET clarity of purpose

SingularityNET purpose and aspects

SingularityNET aims to become the key protocol for networking AI and machine learning tools to form a coordinated Artificial General Intelligence. To accomplish this, the SingularityNET platform must be powered by a utility token that is tailored to enabling its core functionality. The SingularityNET token AGI is structured to promote four key mechanisms detailed below, including transactions, settlements, incentives, and governance.

SingularityNET categories

Artificial intelligence

Short description

SingularityNET is a protocol for coordinating, discovering, and transacting AI algorithms at scale. SingularityNET makes a decentralized global market for AI services possible in which parties own their own data. It also dramatically lowers the barriers to using AI: by wrapping AI algorithms for the SingularityNET, we will create a simple and open standard for interacting with these algorithms. Then open source developers will be able to monetize their algorithms, while the whole world will be able to use them at scale.

Abstract

The value and power of Artificial Intelligence is growing dramatically every year, and will soon dominate the internet – and the economy as a whole. However, AI tools today are fragmented by a closed development environment; most are developed by one company to perform one task, and there is no way to plug two tools together. SingularityNET aims to become the key protocol for networking AI and machine learning tools to form a coordinated Artificial General Intelligence. SingularityNET is an open-source protocol and collection of smart contracts for a decentralized market of coordinated AI services. Within this framework, the benefits of AI become a global commons infrastructure for the benefit of all; anyone can access AI tech or become a stakeholder in its development. Anyone can add an AI/machine learning service to SingularityNET for use by the network, and receive network payment tokens in exchange. SingularityNET is backed by the SingularityNET Foundation, which operates on a belief that the benefits of AI should not be dominated by any small set of powerful institutions, but shared by all. A key goal of SingularityNET is to ensure the technology is benevolent according to human standards, and the network is designed to incentivize and reward beneficial players.

Link to Roadmap: https://public.singularitynet.io/whitepaper.pdf
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