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Home ยป SingularityNET Extends Decentralized AI Services
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SingularityNET Extends Decentralized AI Services

By adminJul. 3, 2024No Comments3 Mins Read
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SingularityNET Extends Decentralized AI Services
SingularityNET Extends Decentralized AI Services
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SingularityNET (AGIX) provides AI services within a decentralized marketplace, allowing users to generate, oversee, and monetize these services. The platform facilitates communication between AI agents using AI-DSL and employs the AGIX coin for transaction fees. By the year 2024, the company aims to merge with Fetch.ai and Ocean Protocol to establish the Artificial Super Intelligence Alliance and introduce a unified AI initiative utilizing the ASI coin. This write-up addresses two commonly asked queries: What is SingularityNET Token (AGIX) and how to procure SingularityNET Token (AGIX) with TRY currency.
Table of Contents:
1. What is SingularityNET Token (AGIX)?
2. How to Purchase SingularityNET Token (AGIX) with TRY?
3. Opening an Account on Binance TR
4. Verifying an Account on Binance TR
5. Depositing TL on Binance TR
6. Buying AGIX Coin with TL on Binance TR
7. What is Binance TR?
What is SingularityNET Token (AGIX)?
SingularityNET functions as a decentralized marketplace offering an array of AI services. Users have the capability to access, create, manage, and monetize diverse AI-related services like model training and AI tool deployment through the AI Publisher product. These services can subsequently be shared and monetized within the AI marketplace, where developers can charge users in AGIX coins for utilizing AI services. Visit COINTURK FINANCE for the latest financial and business updates.
A standout feature of SingularityNET is the development of AI-DSL (Artificial Intelligence Domain-Specific Language) aimed at standardizing communication and compatibility among AI agents on the platform. SingularityNET also operates Singularity Studio, focusing on delivering AI solutions for enterprise clients.
Established in October 2017 by Ben Goertzel and David Hanson, SingularityNET strives to democratize access to AI services that were previously reserved for specific industries or large corporations. In November 2017, the corporate arm, Singularity Studio, was set up. The initial coin generation event (TGE) for the ecosystem coin AGI determined a maximum supply of 1 billion coins on the Ethereum Blockchain. The beta version of the marketplace was launched in February 2019, followed by ongoing enhancements, including the beta release of Publish AI in April 2020 and subsequent developer support tools in September 2020.
In February 2021, AGI coin holders voted to exchange AGI coin for AGIX and expand the platform to include the Cardano Blockchain. This coin conversion doubled the maximum supply to 2 billion coins, split between Ethereum and Cardano, leveraging the strengths of both Blockchain networks.
SingularityNET has also backed various third-party ecosystem projects, such as SingularityDAO, a decentralized portfolio management and launchpad protocol providing AI-focused DeFi portfolio strategies introduced in November 2020, and NuNet, a decentralized computing platform launched in September 2021 connecting computing resource owners with users in need of computational power.
As of April 2022, SingularityNET planned to shift from Ethereum to the Layer-2 network on Cardano known as HyperCycle, enabling users to stake AGIX coins for rewards and facilitate fiat-crypto conversions.
A significant development on March 29, 2024, saw SingularityNET announce a proposed merger with Fetch.ai and Ocean Protocol to establish the Artificial Super Intelligence Alliance. This merger seeks to amalgamate the strengths of the three projects into a singular unified AI project bearing a new coin, ASI. Upon approval from AGIX

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