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updated $0Market cap$9.42M
Volume 24h$620.1K
Circulating supply1.53B
SingularityNET (ticker AGI) is a decentralized marketplace for artificial intelligence services, built on blockchain technology. In simple terms, it lets developers offer their AI algorithms to anyone in the world, and users pay for those services with AGI tokens. The project's big goal is to create an open, decentralized AI ecosystem instead of having AI controlled by a few tech giants.
Frequently asked questions
What is SingularityNET and how is it different from other crypto projects?
SingularityNET is a blockchain-based marketplace where anyone can buy, sell, or share AI services. Unlike most cryptocurrencies that focus on payments or smart contracts, its core purpose is making AI algorithms accessible and interoperable. The AGI token is used to pay for AI services and reward participants in the network.
How does SingularityNET work technically?
The platform runs as a decentralized network where AI service providers publish their algorithms, and clients call them through smart contracts. Payments in AGI are handled automatically by the blockchain, so no middleman is needed. The project was co-founded by AI researcher Ben Goertzel and is known for its long-term vision of artificial general intelligence.
How is the AGI token supply structured?
AGI was issued as a fixed-supply token, meaning no new tokens are minted over time. The initial supply was distributed through a token sale in 2017, with portions allocated to the team, foundation, and community. Because the supply is capped, there's no inflation from mining or staking rewards.
Where can you store and use AGI tokens?
AGI is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet like MetaMask or a hardware wallet such as Ledger. Within the SingularityNET platform, the token is used to pay for AI services across the marketplace. Always double-check the official contract address before sending tokens anywhere.