- SingularityNET blockchain permits customers to monetize AI providers.
- AI has gained reputation lately after the launch of ChatGPT.
- AGIX token has been on a really bullish pattern for the reason that flip of the 12 months.
The value of SingularityNET (AGIX) has risen by over 774% over the previous month and the bull pattern appears to be gaining momentum with each passing day. Right this moment, the coin had risen by about 40.13% to commerce at $0.4579.
It’s true the crypto market has been in restoration mode for the reason that starting of the 12 months, however that’s not the one purpose why the value of the AGIX token has risen by greater than 774%. There are different components contributing to the value surge.
Earlier than delving into why the value of SingularityNET is rising, you will need to briefly clarify what it’s.
SingularityNET is a blockchain-powered platform that enables customers to create, share, and monetize synthetic intelligence (AI) providers. AI builders can promote their AI instruments and libraries whereas these desirous about AI providers can take a look at and purchase any AI service uploaded on the SingularityNET AI market.
As well as, if a person desires a custom-made AI service, they’ll faucet the in depth SingularityNET neighborhood of AI specialists by way of the Request for AI portal (RFAI).
Customers use the platform’s native token, AGIX, to buy the AI providers. Which means builders earn AGIX tokens by promoting their AI providers or filling the RFAI requests.
AGIX holders may also vote on adjustments to the SingularityNET community operations and likewise stake their tokens to earn some curiosity.
Why is the value of AGIX on the rise?
The information across the now common synthetic intelligence device ChatGPT has triggered a surge in AI-focused cryptocurrencies, one in every of them being the AGIX.
The present AGIX Bull Run began on Tuesday after Microsoft introduced plans to speculate $10 billion in OpenAI, the startup behind ChatGPT. The coin shot up by a whopping 18% instantly after the information and has since maintained the bullish pattern.
Moreover its worth, AGIX buying and selling quantity has additionally witnessed an enormous surge as individuals flock to the AI market.
SingularityNET lately launched a three way partnership known as Awakening Well being in collaboration with Hanson Robotics. The enterprise develops healthcare merchandise leveraging AI.