Binance shared its decision to list a Cardano-based artificial intelligence project that has risen 4x for a short time. AI & Big Data DeFi tokens have been on trend since Bill Gates’ recent statements.
Binance lists trending Cardano-based artificial intelligence project
SingularityNET (AGIX) decorated its uptrend since January 6th with the news of Binance listing. According to a new announcement, the AGIX token will be listed on the derivatives arm of the world’s largest cryptocurrency exchange, Binance. Trading starts on the BUSD pair from January 19th.
AGIX token has gained 330% since the beginning of the year alone, in a remarkable statistic. Binance listing news comes following this momentum. AGIX will now be available for trading on Binance’s derivatives platform with up to 15x leverage on the BUSD pair from January 19.
SingularityNET is a blockchain-powered platform that allows anyone to easily “create, share and monetize” AI services through its globally accessible AI platform. Through SingularityNET, users can browse a wide range of AI services using the platform’s native utility token, AGIX. Additionally, the platform is a selling point for AI developers to publish and sell AI tools and easily monitor their performance.
The team behind SingularityNET spearheaded the development of an artificial intelligence known as Sophia, which has been described as “the world’s most impressive robot.” SingularityNET’s goal is to enable Sophia to fully understand human language and continue to develop “OpenCog,” an AI framework that is hoped to eventually reach (or beyond) what is known as “advanced general intelligence” – human-level artificial intelligence. cryptocoin.com As we have reported, Bill Gates, the founder of Microsoft, recently announced that they will invest in artificial intelligence (AI) projects.
Why are AI-focused altcoin projects important?
AI projects like SingularityNET have come to the fore again with the emergence of applications like ChatGPT. However, OpenAI’s ChatGPT software is built on the GPT-3 language model and attracts people and investors with its answers. The company also has a scene-from-text model called Dall-E. Currently, OpenAI is also currently working on the GPT-4 model.
Microsoft, on the other hand, has been familiar with OpenAI for a while and has been following it closely. The company invested $1 billion in this field in 2019. In 2020, OpenAI licensed the GPT-3 model to the software giant. In addition, Microsoft is trying to integrate OpenAI’s technologies into other applications such as Office and Bing. SingularityNET aims to create a platform to create, distribute and monetize artificial intelligence services. This opens a new avenue for the evolution of Blockchain technology.
Finally, let’s mention that SingularityNET works on Ethereum and Cardano. Therefore, the interoperability of the AI market is being built with various solutions connected to AGIX and ADA.
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