📍 AI technology has become attractive with #ChatGPT. becoming extremely popular with the public, leading to the hotness of projects in Crypto. The miraculous growth from the bottom of $0.05 has turned SingularityNET into one of the top 2 projects leading the explosion of the AI trend and has attracted the attention of many investors since the beginning of this year.
So what is SingularityNET project that receives the huge cash flow of the AI wave? Find out with Allinstation below!
📍 What is SingularityNET?
➡️ #SingularityNET is a blockchain-based platform that allows anyone to easily create, share and monetize AI services. It is a decentralized AI marketplace where vendors and users of the AI platform can communicate and cooperate with each other. The #AGIX token is the digital currency used to pay for transactions on the protocol.
➡️ SingularityNET's goal is to become the key protocol for Networked AI and deploy automatic machine learning tools (Machine Learning) to form an Artificial General Intelligence, contributing to the realization of AI algorithms from image recognition to natural language processing, flexible real-time interaction, human learning, and finally, perfecting the AI industry to continuously correct errors.
📍 How does SingularityNET work?
The diagram below describes the main and minor components of the system and shows how they work:
➡️ The SingularityNET Registry is an ERC-165 smart contract on Ethereum that stores institutions, services, and repositories. AI developers use the Registry to announce details about their services while users use it to find the services they need. The SingularityNET Registry provides all the information needed to find and interact with AI services on the platform, either by full listing or by IPFS hashing.
➡️ To make the system scalable for the protocol, the SingularityNET daemon is used as a communication platform with AI systems in SingularityNET . The two tasks of the daemon are payment and request translation. To be authorized for payments, the daemon interacts with Multi-Party Escrow, using the smart contract API to retain liquidity from end users interacting on the blockchain with the AI service provider.
➡️ The SDK is a tool for customers to use AI to make calls to services. The SDK simplifies integration with SingularityNET services and provides tools to automatically augment gRPC client machines with the necessary authorizations. SDK modules are available in all programming languages, such as Java, Python, and NodeJS.
📍 Features of SingularityNET
Currently, SingularityNET has been developing applications closely related to AI on this platform such as:
AI Marketplace: SingularityNET provides a marketplace where artificial intelligence related services are deployed, meeting the needs of users. These dApp service providers will be rewarded with AGIX tokens for participating projects.
AGIX Staking: staking AGIX tokens on the protocol can help users provide liquidity to the AI Marketplace, and also receive rewards for unlocking tokens.
AI Publisher: With AI Publisher, developers or business people can build AI databases in just one hub, allowing them to easily query, test, and modify products across multiple parties with just one interface.
Bridge: SingularityNET shares a bridge for users, enabling them to transfer their tokens to other supported chains (Ethereum and Cardano)
OpenCog Hyperon: is a core project in SingularityNET's mission to develop Artificial General Intelligence (Artificial General Intelligence) to bring complete, scalable and open source implementation solutions of the system.
AI – Domain-Specific Language (DSL): A deeply self-organizing network of AI products that can work collaboratively or outsource dynamically.
📍SingularityNET Ecosystem
SingularityNET products are being developed across several strategic markets, including DeFi, Robotics, Biotechnology, Gaming, Media, Arts and Entertainment (Music), and Enterprise-grade Artificial Intelligence.
📍Tokenomics
➡️ Token name: SingularityNET
➡️ Ticker: $AGIX
➡️ Blockchain: Ethereum, Cardano
➡️ Token Standard: ERC-20
➡️ Contract: 0x5b7533812759b45c2b44c19e320ba2cd2681b542
➡️ Token Type: Utility, Governance
➡️ Total Supply: 1,260,840,661 AGIX
➡️ Circulating Supply: 1,205,321,857 AGIX
📍Token Allocation
Future Development: 8%
Core Team Member: 18%
Reward Pool: 20%
Token Sale Event: 50%
Bounty: 4%
📍 Token payment schedule
➡️ Updating…
📍Token Utility
➡️ Updating…
📍Token Sale
➡️ The $AGIX ICO round took place in December 2017 at $0.10, raising a total of $32,847,814.
📍Roadmap
Q4/2022:
➡️ Developing AGI as a service platform for Enterprises
Q1/2023:
➡️ Ban Alpha cho HyperCycle sidechain
➡️ Jam Galaxy is about to release its first AI service to SNET Marketplace
➡️ SingularityNET Platform builds tools to support and launches a portal that supports Voting on the Cardano blockchain
➡️ Deploy predictive AI services
➡️ AI-DSL Proof of Concept
➡️ AGIX Cardano Token Staking Development
Q3/2023:
➡️ SingularityNET platform will be migrated to Cardano mainnet
➡️ Developers allow users to publish AI services on the Cardano platform.