• The popularity of artificial intelligence applications is increasing with Microsoft investing in ChatGPT and the native token of SingularityNET, AGIX, increasing by 116% in the past week.
• SingularityNET is the first decentralized AI market built on top of the Cardano blockchain.
• The development of MeTTa, a custom coding language specifically built for SingularityNET’s goals, has been successful so far.
The use of artificial intelligence (AI) applications has seen a tremendous growth in recent years. This is largely due to popular platforms like SingularityNET and ChatGPT becoming mainstream. Microsoft, a tech giant, has even invested 10 billion dollars in ChatGPT, indicating that AI applications are becoming more mainstream.
SingularityNET is the first decentralized AI market that is built on top of the Cardano blockchain. This project was founded by Dr. Ben Goertzel, a cognitive scientist and one of the leading figures in AI research. The mission of SingularityNET is to create an AGI or an artificial general intelligence. As of now, the SingularityNET ecosystem comprises 13 protocols that are either being built or are already deployed as a full-fledged component of the ecosystem.
The native token of SingularityNET, AGIX, has seen huge gains since the start of 2023. According to CoinGecko, the token is up 116% in the past week (at the time of writing, Friday) with the biggest gains made at the bi-weekly time frame at 360%. This increase in AGIX is a testament to the increasing popularity of AI applications.
On-chain developments have been very bullish for the SingularityNET ecosystem. The development of the MeTTa, a custom coding language specifically built for SingularityNET’s goals, have been successful so far. This coding language is helping the SingularityNET team get closer to their goal of creating an AGI.
In conclusion, artificial intelligence applications are becoming more mainstream due to platforms like SingularityNET and ChatGPT, as well as Microsoft’s investment of 10 billion dollars. The native token of SingularityNET, AGIX, has seen huge gains in the past week, indicating the increasing popularity of AI applications. On-chain developments have been very beneficial for the SingularityNET ecosystem, as the development of the MeTTa coding language is getting them closer to their goal of creating an AGI.