So two months ago I wrote about SingularityNET's Token Generation Event. I didn't manage to get into the TGE / ICO event, unfortunately. But on the day of token release on the markets with an almost instant 10x valuation, I went on a FUD campaign on Tidex Exchange's trollbox just to get weak hands to sell. It proved to be a tiring process so I bought some around $1.00-$1.80 for the FOMO, and just laddered down my buys from $1.00 and below.
It has since dropped to ~$0.63 and now on its way to ~$0.90, triggering some pending buys. With a total supply of 1 billion coins, SingularityNET is currently enjoying a network value of ~$1 billion dollars, which I think could only go higher in time. Just quite bullish on what looks like a good project.
Being someone who has been involved in artificial intelligence (computer vision) back in the late 2000s, SingularityNET is certainly looking like a project that's ticking all the check-boxes. Let's first dive into the abstract of the whitepaper:-
The value and power of Artificial Intelligence is growing dramatically every year, and will soon dominate the internet – and the economy as a whole. However, AI tools today are fragmented by a closed development environment; most are developed by one company to perform one task, and there is no way to plug two tools together. SingularityNET aims to become the key protocol for networking AI and machine learning tools to form a coordinated Artificial General Intelligence.SingularityNET is an open-source protocol and collection of smart contracts for a decentralized market of coordinated AI services. Within this framework, the benefits of AI become a global commons infrastructure for the benefit of all; anyone can access AI tech or become a stakeholder in its development. Anyone can add an AI/machine learning service to SingularityNET for use by the network, and receive network payment
tokens in exchange.SingularityNET is backed by the SingularityNET Foundation, which operates on a belief that the benefits of AI should not be dominated by any small set of powerful institutions, but shared by all. A key goal of SingularityNET is to ensure the technology is benevolent according to human standards, and the network is designed to incentivize and reward beneficial players.
I'm not going into the technicalities, but I would like to lay out, in point-form, some of the reasons why I've been accumulating SingularityNET's AGI tokens:-
One thing's for sure, I'll continue buying on the way down if the market decides the tokens are too expensive at the moment. Definitely risky because the project is a huge undertaking, but I'm expecting it to fly like all exponential technologies do once it starts working.
