Dr. Ben Goertzel, CEO at SingularityNET, is an artificial intelligence influencer. A decentralized protocol powers the full-stack AI solution powered by SingularityNET.
SingularityNET tweeted: “We’ve just updated our Developer Portal with new content and a fresh new look, if you are interested in developing #AI and want to monetise your endeavors on the #SingularityNET Marketplace, this portal will give you all you need to get started!”
Staking is set to begin in March 2020, and the details of the staking project will be elaborated in the blog posts.
The SingularityNET team stated that they are big believers in the cryptocurrency and the blockchain. They expressed that they would like to see more numbers of people shifting away from fiat towards a more decentralized and democratically governed mechanism for storing and transmitting value.
The SingularityNET team further expressed that they would like to be practical when they are trying to grow the AI platform as fast as we can.
Sydney Ifergan, the Crypto Expert Tweeted: “With the bulk of data we have to deal with in all sectors, integration of AI and blockchain technology are indispensable, which is exactly what SingularityNET (AGI) are trying to accomplish.”
The (AGI) token staking process will play an essential role in the rapidly evolving SingularityNET ecosystem.
Users are paid in AGI for their SingularityNET network activity. It has also been stated that despite a full fiat-crypto gateway, all the AI services with their users on the SingularityNET will be taking place on the back end with AGI tokens.
There needs to be a continual exchange of fiat currency for the AGI tokens, which in turn requires a liquidity pool of AGI tokens for the fiat as required. So, the tokens that are just sitting around with the owner are used by the staking process to facilitate the required liquidity.
With AI rapidly evolving in all economic sectors, some questions are urgent in terms of who controls, owns, and guides the data used to train the AI systems. The idea of integrating AI and blockchain is very commonplace in workshops, startups, and conferences. Though there is not an AI network with wide commercial adoption, the concept is broadly accepted.
It is expected by the end of 2020, and there will be several exciting use cases based on these concepts in several business verticals with high profile business applications. There will be more of progression from application-specific narrow AI systems to general-purpose AI systems like those envisioned by science fiction and visionaries. Real-time user adoption of use cases, which brings in blockchain and AI together are growing in number.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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