The AI revolution has begun: SingularityNet ICO gone in 60 seconds

The AI revolution has begun: SingularityNet ICO gone in 60 seconds

Colossal tech companies use AI to process millions of real-time data points every second. So they need something that could help with automation. Here what it is:

SingularityNet — a perspective startup, which creates a decentralized marketplace for AI by bringing AI and blockchain together.

Our top trading bots

SingularityNET provides an automated process enabling each business to connect existing AI tools together to build the solution it needs. The project offers both availability and customization. At the same time, it could make the development process more efficient by reducing the reduplication of effort involved in proprietary development.

Ben Goertzel - founder of the platform - wants to make the unique open-source protocol for networking AI on the internet.

Say someone has a computer system doing something, and they would like AI to do it better," Goertzel said. "Unless you’re Google or Tencent, you’re probably not going to build your own AI—you’re going to be making your software grab AI from some software package or API. Those are the customers.

ICO

According to Cointelegraph , the project has got much money during the ICO. Only in the first minute after beginning the public sale, it sold out of the whole amount of available Artificial General Intelligence (AGI) tokens, earning $36 million. The team at SingularityNet noticed that the crowdfunding was capped after receiving $361 million in investor interest on its whitelist from more than 20,000 previous investors.

AGI token uses Ethereum. And the team want to change the blockchain technology easily because the prototype is too slow now. As they reported, they need to express smart contracts in an abstract way which is independent of the blockchain they are using. And OpenCog’s logical language works well for this.

Such a platform would be one of the biggest breakthroughs ever in the evolution of AI.

A kid could make millions of dollars from putting their computer vision AI into our market, for instance.

Information Source: Ben Goertzel

Binance temporarily halts Polygon deposit and withdrawal to sync nodes
Binance, the world’s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals...
Financial future or false promises? Crypto firms go big on ads in 2022
Advertisements are in abundance everywhere we go — from billboards seen throughout road trips to commercials displayed every fifteen minutes or so during...
Senator Ted Cruz invokes Canadian unrest to advocate for Bitcoin again
Senator Ted Cruz during his Conservative Political Action Conference (CPAC) speech on Friday advocated for Bitcoin (BTC) again while lauding its decentralization.Cruz...
MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022
Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on...
Price analysis 1/10: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE
Bitcoin (BTC) dipped below the $40,000 level on Jan. 10 for the first time since September 2021. The crypto markets were not alone as the U.S. equity markets...
Scalability or stability? Solana network outages show work still needed
Solana is a highly scalable decentralized blockchain developed with a unique method of ordering transactions that significantly improves its transaction...
New Bitcoin ETFs filed: One for bears, the other with ‘leverage for ants’
Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin.In a filing...
Bitcoin ProShares ETF confirmed for Tuesday launch; Bitcoin to reach record high?
By Samuel IndykInvesting.com – The first exchange-traded fund (ETF) linked to Bitcoin Futures is to begin trading on Tuesday morning, according to a new...
Blockchain identity market to grow $3.58B by 2025, report claims
A new report on the potential for blockchain identity management solutions to become integrated across sectors has forecast strong growth for its global...
Latin American telecom company accepts crypto payments through BitPay
GoldConnect, a Latin American telecommunications wholesaler, announced Tuesday that it will allow customers to pay with cryptocurrencies through payment...
Got crypto? Here are 3 debit cards that let you spend your stack
As blockchain technology and the public's awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy...
DeFi TVL sets new record as BSC-powered protocols add billions
According to data aggregator DeFi Llama, nearly $79 billion in assets are currently locked in decentralized finance protocols. As such, DeFi’s TVL is currently...
NY Governor Cuomo launches blockchain-powered vaccination passports
New York Governor Andrew Cuomo announced the launch of the city's blockchain-powered “Excelsior Pass” vaccination passport on March 26.The passport is issued...
Wozniak Wishes Bitcoin Would Become a Single Global Currency
Some weeks ago Silicon Valley’s businessperson Jack Dorsey expressed a belief that it is not the dollar that would run the world in a few years. Dorsey,...
Altcoin to Invest: Dash
Among the large cryptocurrencies number, there are just a few that can compete with Bitcoin. Users often quickly lose interest in new altcoins. Dash has...