What is SingularityNET? SingularityNET (AGIX) is an open-source Blockchain protocol that provides decentralized artificial intelligence services. cryptocoin.com In this article, we answered the questions frequently asked by investors, such as what SingularityNET is, what it offers, what is AGIX, what it does, how to buy it. Let’s examine this project, which is trying to establish itself in the field of artificial intelligence (AI), together.
What is SingularityNET?
SingularityNET is an open-source Blockchain protocol that provides decentralized artificial intelligence (AI) services. The protocol is backed by a native token called AGIX. This token is required to access services on the network. The platform allows anyone to build, sell or buy AI services at scale. For this, it serves as a platform built on the Ethereum Blockchain. Developers can develop their own AI programs through this platform.
What does SingularityNET offer?
SingularityNET is a launchpad that allows developers to connect AI models/algorithms to real-world applications. This is necessary for large datasets that developers cannot access. Accordingly, the average AI developer must have access to these datasets for machine learning tools to work. The ecosystem, with a set of products and tools, allows developers to develop and monetize their own AI technologies.
SingularityNET serves by connecting these AI tools and datasets to the market. These products allow developers to create, run, and monetize their inventions. All the services offered take place on a Blockchain-based and open network. However, the platform allows anyone to add AI Agents if they share information based on its API. The ecosystem operates on an economic model revolving around its native cryptocurrency, AGIX.
What is AGIX? What does it do?
With SingularityNET, it provides an automated process for any business or individual to build existing AI tools. For this, it uses its native token, AGIX. AGIX is a cryptocurrency created with the ERC-20 smart contract on Ethereum. Users can buy and sell datasets with this cryptocurrency. It can also provide access to the infrastructure they need to develop their own AI programs. In short, AGIX is a digital payment method that enables the economy to function within the platform.
What is SingularityNET? How to take AGIX?
The highest level AGIX has reached so far is $1.02 in January 2018. However, it is currently trading around $0.05. Investors who want to buy cryptocurrencies must first access exchanges such as Binance and KuCoin that are listing. Investors accessing these exchanges must deposit an asset into their wallets based on SingularityNET parities. Thus, they can place a purchase order for AGIX.
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