SingularityNET
Crypto Overview
Project Overview
SingularityNET is a decentralized marketplace for AI services, founded by Ben Goertzel. The platform aims to create a global AI marketplace where anyone can create, share, and monetize AI services at scale. AGIX tokens are used to pay for AI services on the network, participate in platform governance, and stake in various AI-focused initiatives.
Intended and Current Use
The AGIX token serves multiple utilities: payment for AI services on the platform, governance participation, and staking for network security. The platform hosts various AI services, from language processing to image recognition, with real implementations in healthcare, robotics, and scientific research.
Business Model Analysis
The business model focuses on facilitating the exchange of AI services through a decentralized marketplace. The platform takes a small fee from transactions, which is distributed to network participants. There are no inherent interest-bearing mechanisms or gambling elements in the core protocol.
Development and Adoption
The project shows significant development activity with regular GitHub updates and technical improvements. Notable partnerships include Cardano, SingularityDAO, and various AI research institutions. The platform has demonstrated real-world applications, particularly in biomedical research and robotics development.
Token Distribution
The token distribution includes allocations for development, ecosystem growth, and community initiatives. While there is a significant portion allocated to the team and advisors, these tokens are subject to vesting periods to ensure long-term alignment with project goals.
Crypto Impact
To assign a comfort level investing in SingularityNET from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SingularityNET.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.