### What is SingularityNET?

SingularityNET is a decentralised, blockchain-based platform designed for artificial intelligence (AI) that allows for the creation, sharing, and monetisation of AI services. It operates as a global AI marketplace, facilitating seamless interaction and transactions between AI service providers and users using the platform’s native utility token, AGIX.

### How does SingularityNET work?

The platform operates a decentralised AI marketplace where developers can publish their AI services, which can be accessed by users across the globe. These services span various domains such as image, video, speech, and text processing. Transactions on the platform are powered by the AGIX token, which facilitates actions like purchasing services and participating in governance. SingularityNET leverages blockchain technology, incorporating smart contracts primarily on the Ethereum blockchain, for transparency and automation of transactions. The platform also supports Cardano for blockchain interoperability and integrates with OpenCog, an open-source AI framework, to enhance AI development and deployment.

### What are the potential use cases for SingularityNET?

SingularityNET's AI marketplace offers various use cases including AI services and solutions that developers can monetise. It supports AI-as-a-Service for applications in different industries. Specific use cases include collaboration in construction for sustainable housing, smart building solutions through knowledge layers, and improving data security and governance with zero-knowledge proof blockchain technology. Notable partnerships, such as with AL'MA Action Logement for smart housing and Mina Foundation for data security, expand its use cases.

### What is the history of SingularityNET?

SingularityNET was founded in 2017 by Dr. Ben Goertzel with the vision of creating a decentralised AI platform. It successfully raised $36 million through an ICO within a minute. Throughout its history, it has focused on infrastructure enhancements, cross-chain interoperability, and improving user experience. The platform has integrated the OpenCog framework and built strategic collaborations for expanding its capabilities. Its governance is decentralised, allowing token holders to influence platform developments.

SingularityNET

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